RT&Co. Tax Spotlight: Taxing times in an oil crisis
RT&Co. shares selected articles and commentaries on tax regulations, updates, and business issues that remain relevant to taxpayers, finance leaders, and decision-makers.
Author: Joel L. Tan-Torres
Publisher: BusinessMirror
Publication Date: March 30, 2026
The article discusses Republic Act No. 12316, a conditional, time-bound mechanism to suspend or reduce fuel excise taxes when global oil prices spike, and highlights its implications for fuel costs, government revenues, tax administration, and fiscal policy.
For businesses, the article underscores how tax policy responses to commodity price shocks can affect cost management, compliance expectations, and planning decisions.
Read the Full Article: https://businessmirror.com.ph/2026/03/30/taxing-times-in-an-oil-crisis/
Website Disclaimer: This article is shared with permission from the publisher and the author. Copyright in the original article remains with the publisher and/or the author. The views and opinions expressed in the article are solely those of the author and do not necessarily represent the views of Reyes Tacandong & Co. RT&Co. provides this reference as part of its thought leadership and market-awareness efforts. This content is for general informational purposes only and should not be construed as legal, tax, or other professional advice.
Contact us today. We’ll schedule a complimentary assessment of your company.
Let RT&Co help your business. Send your request for a proposal of services here.