Bill Type
Congress Name
Long Title
AN ACT CLASSIFYING TRANSACTIONS INVOLVING PETROLEUM PRODUCTS AND RAW MATERIALS AS VALUE-ADDED TAX EXEMPT TRANSACTIONS AMENDING FOR THE PURPOSE SECTION 109 (1) OF REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE TAX REFORM ACT OF 1997, AS AMENDED BY REPUBLIC ACT NO. 9337, AND FOR OTHER PURPOSES
Date filed
January 30, 2008
Scope
Legislative History
| House Bill/Resolution NO. HB03458 | |
| FULL TITLE : AN ACT CLASSIFYING TRANSACTIONS INVOLVING PETROLEUM PRODUCTS AND RAW MATERIALS AS VALUE-ADDED TAX EXEMPT TRANSACTIONS AMENDING FOR THE PURPOSE SECTION 109 (1) OF REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE TAX REFORM ACT OF 1997, AS AMENDED BY REPUBLIC ACT NO. 9337, AND FOR OTHER PURPOSES | |
| ABSTRACT : The bill proposes to exempt the sale or importation of petroleum products (except lubricating oil, grease, wax, petrolatum, and coal and natural gas) and raw materials used in the manufacture of the same from the reformed value-added tax. | |
| PRINCIPAL AUTHOR/S : MAZA, LIZA L. | |
| DATE FILED : 2008-01-30 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Ilagan | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Mariano (010 ) | 2. Colmenares (002 ) |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Scheduled for first meeting/hearing on 2008-06-10 | |
| 2. Under deliberation by the Mother Committee on 2008-07-29 | |
| 3. Under deliberation by the Mother Committee on 2008-08-05 | |
| 4. Under deliberation by the Mother Committee on 2008-08-12 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2008-02-06 |
Abstract
The bill proposes to exempt the sale or importation of petroleum products (except lubricating oil, grease, wax, petrolatum, and coal and natural gas) and raw materials used in the manufacture of the same from the reformed value-added tax.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.