Gov’t asked to suspend VAT on fuel as Israel-Iran conflict soars

MANILA, Philippines — The 12 percent value-added tax (VAT) imposed on fuel products must be suspended as oil prices are expected to rise sharply due to the exacerbated Israel-Iran conflict, the Gabriela Women’s Party said on Monday. Gabriela party-list Rep. Arlene Brosas said President Ferdinand Marcos Jr. must suspend the VAT as gasoline prices are