| +
Impact of VAT Reform on Oil and Power |
 | |
| | |
| | | | "Gaano
kalaki ang itaas ng
gasolina dahil sa VAT"? | | | | |  | |
|
| |
Isa
sa pinakamalaking epekto ng reformed VAT law ay ang pag-alis ng VAT exemption
mula sa petroleum at mga produkto nito, pati na rin sa kuryente.
|
| | Kaya
bahagyang tataas ang presyo ng gasolina, diesel, LPG at iba pa. Ngunit ito ay
talagang kinakailangan na upang maitaas ang kita ng pamahalaan para maging balance
ang ating budget at pondohan ang mga programang panlaban sa kahirapan.
Pero
sa katunayan, mas mabigat ang tax sa langis sa ibang bansa. At dahil patuloy tumataas
ang presyo ng krudo sa buong mundo, hindi talaga maiiwasan ang pagtaas ng presyo
pagdating sa mamimili.
Para mabawasan
ang bigat ng VAT, tinanggal ng reformed VAT law ang mga excise at import taxes
sa mga produktong petrolyo. Dahil dito, ang epekto ng VAT sa pagtaas ng presyo
ng mgaproduktong petrolyo ay 2-8% lang, sa halip na buong 10%.
At
dahil ang VAT ay isang buwis sa konsumo, mas maraming buwis ang babayaran nung
malakas kumunsumo. Kaya matututo ang mga taong bayan na gumamit ng langis at kuryente
sa mas mabuting paraan.
Kung tayo ay magtutulungan makaka-ahon rin tayo.
|
| |
| |
How
much VAT can be generated from lifting these exemptions? |
| |
The table below shows the projected incremental revenue from lifting of VAT
exemptions, assuming 70% VAT collection efficiency:
| Particulars |
2006 (in Peso Billion)
*Assumes VAT rate at 12% |
| Raw materials for
pertroleum products | 16.32 |
| Petroleum products
| 12.61 |
| Natural gas and
other indigenous fuels | 0.68 |
| Coal |
0.34 | | Power |
5.33 | | Electric
cooperatives | 0.86 |
| Medical services |
1.37 | | Legal
Services | 0.44 |
| Domestic transport
of passengers by air and sea | 0.51 |
| Non-food agricultural
products | 0.08 |
| TOTAL |
38.54 | | |
| |
"To
lessen the impact of VAT on socially-sensitive petroleum products like diesel,
kerosene and LPG, the government has reduced the corresponding excise taxes and
import tariffs". |
| | Popo
Lotilla | Energy
Secretary | | |
|
| |
| Petroleum
Product | Pump
Price as of 10/17/05
(in P/Liter) |
Mitigation |
New Pump Price |
10%
VAT |
Final Pump Price |
Price Increase (in P/liter) |
% Increase | |
Excise |
Tariff | | Unleaded |
35.55 | 0.00 |
(0.57) | 34.98 |
3.50 | 38.48 |
2.93 | 8.2% |
| Regular |
34.07 | (0.45) |
(0.51) |
33.11 | 3.31 |
36.42 | 2.35 |
6.9% | | Diesel |
32.45 | (1.63) |
(0.58) | 30.24 |
3.02 | 33.26 |
0.81 | 2.5% |
| Kerosene |
33.01 | (0.60) |
(0.57) | 31.84 |
3.18 | 35.02 |
2.01 | 6.1% |
| Bunker |
21.48 | (0.30) |
(0.37) | 20.81 |
2.08 | 22.89 |
1.41 | 6.6% |
| LPG |
453.00 | 0.00 |
(8.58) | 444.42 |
44.44 | 488.86 |
35.86 | 7.9% |
* DOE figures as of October 17, 2005 |
|
| |
| | Since
VAT is a consumption tax, the burden will be shouldered mostly by higher income
groups. In fact, the richest 30 percent of Filipino families account for about
65 percent of the total petroleum consumption in the country while the poorest
only account for about eight percent of the total consumption. The imposition
of VAT on petroleum will also help the country rationalize excessive use of petroleum
products, which can lead to savings on oil imports, lesser harm to the environment
and to people's health. |
| |
 | | | | | ENERGY
TIPS | GAS
TIPS | -
Turn off lights when not in use.
- Use
fluorescent instead of incandescent lights. A fluorescent lamp can last 10 times
longer than an incandescent one. It also produces five times as much light and
stays cooler.
- Clear bulbs give you more
light than frosted bulbs.
- Select the
proper size of air conditioning unit for your room. Choose a unit with the highest
energy efficient ratio and the smallest capacity that will meet your needs.
-
When using a washing machine. Wash only when you have a full load but do not overload.
-
Don't keep you refrigerator or freezer too cold. Defrost regularly. Frost buildup
decreases energy efficiency of the unit. Make sure refrigerator door seals are
airtight.
- Cover liquids and wrap foods
stored in the refrigerator. Uncovered foods releases moisture and make the compressor
work harder.
- Hang clothes waiting to
be ironed. Do not fold or bundle them in a hamper as more creases would mean more
ironing time.
- Adjust the iron heat according
to the material you are ironing.
- As
much as possible, try to iron a large number of clothes at one time. Start from
light materials using low temperature, then move to heavier fabrics at highest
temperature.
| -
Check you tire pressure. Low tire pressure will make the tires drag and use more
gas.
- Give your car regular tune-ups. A lot of gas is wasted when
an engine grinds for seconds before firing up.
- Clean your trunk of
unnecessary load. Excess weight consumes extra gas.
- Choose a fuel-efficient
vehicle when buying a car.
- As much as possible, avoid rush-hour traffic.
Huge amount of fuel are wasted in "stop-and-go" traffic.
- If
the weather is cool enough, minimize the use of air conditioning but roll up your
window when driving on a highway. The wind drag lowers your mileage.
-
Consolidate your errands and plan your route.
- Drive smoothly. A steady
pace saves gas while speeding up reduces fuel economy.
- Reduce idling.
-
Accelerate and brake gently but steadily.
|
|  |
|
| |
