A series of bills seeking to remove value added tax on several utilities like portions of electricity and water charges have been refiled by the House of Representatives’ Makabayan bloc. | GabrielLaluINQ
HB No. 5995, meanwhile, was filed as early as the 14th Congress by former Bayan Muna Rep. Teddy Casino, and was refiled in the succeeding Congresses.
Class 2 vehicles plying the same route would have toll fees down by P80.14, and Class 3 vehicles get a toll fee reduction of P96.11 “Imposing the VAT on tollway operations is definitely another burden on the already over-taxed shoulders of our people, especially for those whose incomes are barely enough to cover their basic needs,” Makabayan said in HB No. 5996’s explanatory note.
“Exempting water services from VAT is one of the most viable options for Congress to immediately act on. Small revenue losses may easily be offset by the increased purchasing power of households and cheaper production costs, as well as increased efforts in the collection of other taxes,” it added.
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