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Fuel marking to plug P27-b leakage –…

The mandatory fuel marking system under the proposed Comprehensive Tax Reform Program is expected to plug P27 billion in annual losses incurred from oil smuggling, a Finance Department official said. Finance Undersecretary Karl Kendrick Chua said the system was designed to curb smuggling and misdeclaration of petroleum products that was costing the government P26.9 billion […]