Temporary 10 percent added duty on oil imports generates P1.49B

Temporary 10 percent added duty on oil imports generates P1.49B

The additional 10-percent import duty temporarily slapped on some oil products amid the COVID-19 crisis so far raised P1.49 billion in additional revenues for the government. Data provided by Finance Secretary Carlos G. Dominguez III on Tuesday showed that the implementation of Executive Order (EO) No. 113 generated an additional P1.1 billion in tariff and […]