MANILA (AFX-ASIA) – Finance Secretary Jose Isidro Camacho said the government loses “hundreds of millions of pesos” in tax revenue through the duty-free importation of jet fuel by airlines. Mr Camacho said the government is now conducting a review on this following a petition from local oil companies saying the present tax policy on jet…
PHILIPPINES: Manila loses ‘hundreds of millions of pesos’ through duty-free jet fuel
Posted on September 20, 2002 by EnergyAsia