Quimbo admits suspending VAT on fuel is unlikely: Unwise move

MANILA, Philippines — Marikina Rep. Miro Quimbo has admitted that suspending the value-added tax (VAT) on fuel products is unlikely as of this time, as it will be an unwise move to bring down the country’s revenues even further. Quimbo said in an online interview on Thursday that suspending VAT will only bring bigger damage to