Sunday, 24 September 2017
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DOF to retain seniors and PWDs’ VAT exemptions

pwd-logoManila — Sen. Juan Edgardo “Sonny” Angara, chair of the Senate Committee on Ways and Means welcomed the proposal of the Department of Finance (DOF) to retain the value added tax (VAT) exemption benefits of senior citizens and persons with disabilities (PWDs).

DOF comes up with the revised tax reform proposal after meeting senators led by Angara through a public hearing.

“The DOF is open to retaining the VAT exemption of senior citizens and PWDs. This means that the administration listens to the demands and grievances of our citizens,” Angara said.

Initially, DOF’s proposal seeks to expand the VAT base by limiting senior citizens and PWDs exemptions to raw food, education, and health.

Subsequently, senior citizens and PWD groups expressed their disapproval on such move.

Angara said that he would continue to conduct more public hearings on the comprehensive tax reform program while the DOF is finalizing its proposal.

“We will continue to coordinate without economic managers to come up with a comprehensive tax reform program that is fair, progressive and will not be a burden to ordinary Filipinos,” he added.

Meanwhile, DOF recently presented the latest draft of the revised version of the first of six packages of the Duterte administration’s comprehensive tax reform program which seek to lower personal income tax rates, broaden the VAT base, and adjust excise taxes of petroleum products and automobiles.

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