Philippine lawmakers have introduced House Bill No. 8827 to cap the value‑added tax on petroleum products during a national energy emergency. The bill would limit the VAT base to the Pre‑Emergency Reference Price, excluding any incremental emergency increase, and amend Sections 106(A) and 107(A) of the National Internal Revenue Code.
It proposes capping the VAT base for petroleum products at the Pre‑Emergency Reference Price, excluding any incremental emergency increase.
VAT will be computed only on the total value used by the Bureau of Customs—including duties, excise taxes, and other charges—up to the Pre‑Emergency Reference Price, with amounts above that excluded.
Sections 106(A) and 107(A) are amended to set the Pre‑Emergency Reference Price as the maximum tax base for domestic sale and importation of covered petroleum products during a declared energy emergency.
It was filed on April 7, 2026.
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