New year, new tax: Diesel, LPG prices up

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MANILA, Philippines — The new tax on diesel, liquefied petroleum gas, kerosene and bunker fuel for electricity generation and higher taxes on other oil products are scheduled to take effect tomorrow.

The new and higher levies are expected to cause a domino effect on transport fares, cost of electricity and consumer prices.

Also scheduled to take effect at the start of the New Year is the reduction in income tax.

The levies and income tax cut are contained in Republic Act No. 10963, or the Tax Reform for Acceleration and Inclusion (TRAIN) law.

There is no excise tax at present on diesel, kerosene, cooking gas and bunker fuel.

The tax on diesel and bunker fuel starts at P2.50 per liter in 2018, going up by P2 to P4.50 in 2019 and by P1.50 to P6 in 2020.

The levy on cooking gas will be P1 per kilogram next year, increasing by another P1 to P2 in 2019 and another P1 to P3 in 2020. 

The tax on kerosene starts at P3, going up by P1 to P4 in 2019 and another P1 to P5 in 2020.

Existing impositions on other oil products like gasoline, asphalt, waxes and aviation fuel will likewise go up.

The tax on gasoline, for instance, will increase from P4.35 per liter to P7 in 2018, to P9 in 2019 and P10 in 2020.

Also going up are levies on cars for the mass market, while those on luxury vehicles will go down.

The income tax cut will benefit at least 7.5 million salaried workers, according to Quirino Rep. Dakila Cua, who chairs the House ways and means committee, and his Senate counterpart, Sen. Sonny Angara.

The TRAIN law increases the tax-free income of employees to P250,000 a year or P20,833 a month.

Angara cited concrete examples of how the law would greatly benefit wage earners.

He said under the present tax code, a taxpayer who is single is entitled to a personal annual tax exemption of P50,000 or P4,167 a month.

“This will increase to P250,000 in January, or an additional annual income of P200,000 that will not be subject to tax. The adjustment will translate into an additional monthly tax-free income of P16,667,” he said.

Angara said in the case of a working couple, they will enjoy a combined tax-free income of P500,000 a year or P41,667 a month. At present, they are only entitled to exemptions of up to P200,000.

“This means that they will have an additional annual tax-free income of P300,000 or P25,000 a month,” he added.

He also pointed out that the monthly income of P20,833 that is not subject to tax under the TRAIN law is equivalent to the entry-level pay in public schools. Thus, most public school teachers will no longer pay income tax.

Even critics of the new law concede that it would benefit millions of salaried workers.

However, they said what wage earners will gain from reduced income tax will be more than offset by new and higher taxes on oil products, expanded coverage of the 12-percent value added tax and other levies.

They pointed out that the net impact of the combination of lower income tax, on one hand, and new and higher taxes and other measures, on the other hand, is that the same group of taxpayers who will benefit from TRAIN and the public in general would pay an additional P130 billion a year.

By Jess Diaz (The Philippine Star) | Updated December 31, 2017 - 12:00am

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To avail water fuel saver, you may visit this website; Alternative Energy Devices

Ano Ang Pinaka Issue Kapag Magpakabit ng Water Fuel Saver?

Kaya ka magpapakabit ng saving device dahil gusto mong makakasave sa iyong gas kaya ang 1.) una sa lahat ay ang savings.

Kailangan magrecord kayo sa sarili nyo comparison sa walang device vs gumagana yung device. 

Bakit?

Dahil pueding sinasabi ng manufacturer na 60% ang savings

pero hindi totoo. Tulad ng naibalita sa TV na wala naman daw itong epekto. Dahil po upang mangyari yun, mayroon po malalim na kaalaman patungkol sa makina paano magagawa ito. Kung gagaya lamang po sa youtube paano nila ito kinabit posibling wala pong savings, hindi lumakas ang makina at hindi rin nakakaalis ng carbon.

Totoo po na kung tama ang pagkagawa ng device nakakapagsave ito, lalakas ang makina at nag-aalis ng carbon. Pero para mangyari ito may mga ibang bagay pa at yan ay trade secret.

2.) Pangalawang major issue ay ang maintenance. Upang humaba ang buhay ng device ay kailangan imaintain ito dahil may mga lalabas na mga sediments na magpollute sa water solution na kung hindi ito laging maalis magiging grounded ang system dahil ito po metal.

At dapat ang device ay hindi sagabal at madaling tangalin. Kung komplicado ang installation at mahirap tanglin, magiging pampatagal pa lalo sa pagmaintain ng sasakyan sa panahon ng may peyesang papalitan.

3.) Ang pangatlong major issue ay durability of the device. Karamihan ay nakatingin lamang sa ganda ng porma ng pagkagawa pero ang tanong kapag nakalagay ito sa loob ng hood dahil mainit ang puesto, makakasustain ba sa init or microwavable ba ang material? Kung hindi microwavable posibling madideform ito.

Ang iba naman mahilig sa electronic parts. Ang problema sa elecronic parts lalo kung sa sasakyan ang paggagamitan, kung hindi ito made in Japan or US hindi magtatagal ang peyesa. Ito ang dahilan na magiging maiksi lamang ang buhay ng boong device. Kung malayo kayo sa manufacturer magbibigay ito ng problema dahil hindi na gagana ang device mo.

Yan ang mga bagay na inyong iisipin para hindi kayo matulad sa binalita sa TV na hindi na tuloy siya gumamit ng device dahil sa mga nabangit sa itaas na mga problema.

Atin pong sinusuportahan na totoo po na makakasave kayo malaki pero tingnan nyo kung saan at kanino kayo magpapakabit.

Kung hindi nyo napanood yung binalita sa TV ito yung link; Tubig na gasolina pumalpak.