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QUEZON City, Philippines (Eagle News) — Senate Committee on Ways and Means Chairman Senator Sonny Angara said that the Department of Finance will no longer remove the exemptions of senior citizens and persons with disabilities (PWDs) from value-added tax despite the comprehensive tax reform program of the Duterte administration. The aim of the comprehensive tax reform is to reduce the income tax rate while increasing the excise tax on oil products. https://youtu.be/MqyyOQ1-d4g
QUEZON City, Philippines (Eagle News) — Persons with disabilities (PWDs) can now avail exemptions on the value-added tax. According to RA 10754, PWDs are exempted from 12% VAT in transportation, doctors’ professional fees, and medicine. Other VAT-exempt services include funeral and burial expenses, hotels and restaurants and concert halls.
QUEZON City, Philippines – Congress has signed the implementing rules and regulations of the Republic Act 10754 or “an act expanding the privileges and benefits of persons with disabilities.” Once implemented, this will allow at least twenty percent (20%) discount and exemption from the value-added tax (VAT) on the sale of goods and services for the exclusive use and enjoyment or availment of the PWDs. https://youtu.be/2ib_354Im3s
Persons with disabilities or PWD’s are now exempt from paying value added tax on certain goods and commodities after President Benigno S. Aquino III signed into law a bill that exempts people with disability from paying the 12-percent vat. The said bill, authored by Leyte Representative Martin Romualdez, will put PWD’s on equal footing with senior citizens who are already exempted from vat payment on top of their 20-percent discount. The bill was ratified in […]
Congress passes the bill proposing tax exemptions for persons with disabilities (PWD).
