Senate approves 12% VAT exemption on house rent of P15,000 below
by admin | Posted on Tuesday, 28 November 2017 06:59 PM
MANILA, Philippines — The Senate makes its final push towards the passage of the Tax Reform for Acceleration and Inclusion or TRAIN Bill.
It particularly deliberates on which sector will be included or removed from the list of those to benefit from 12% Value-Added Tax (VAT) exemptions.
One provision that the senators agreed upon was to increase the number of VAT exemptions to house and apartment rent of 15,000 pesos and below monthly.
“Sabihin mong P10,000, may balik sa kaniya na P1,200 na hindi bubuwisan ng gobyerno so mamakatulong ito sa mga bedspacers, dun sa mga nagtatrabaho, umuupa, galing probinsya,” said Senate Committee on Ways & Means chairperson Sen. Sonny Angara.
It is expected to help millions of families who are renting once the bill passes into law.
Meanwhile, exemptions of VAT to special economic zones did not win the favor of the senators.
Also, some senators are pushing for 12 percent VAT exemptions to medicines.
“Kung inexempt natin ang medicine sa VAT, hahanap naman ho naman tayo ng pambawi bago tayo matapos,” said Sen. Francis Escudero.
“I supposed our position that we exempt agriculture products from its original products in its state, exempt education, including books, why not exempt sale of drugs and medicine,” said Sen. Ralph Recto.
This week, the Senate targets to complete its deliberations and hopefully pass their version of the TRAIN Bill. — Roderic Mendoza | UNTV News & Rescue
by UNTV News and Rescue | Posted on Wednesday, 6 February 2019 05:52 PM
PASAY CITY, Philippines – Lawmakers are racing against time to finally pass the P3.7 trillion proposed 2019 national budget as they have until Friday (February 8) to extend session and to finalize the provisions of the bill.
House Committee on Appropriations Chair Rep. Rolando Andaya Jr. said the proposed budget may possibly reach the table of President Rodrigo Duterte for signature by next week.
The senators will hold a caucus on Wednesday night to discuss the outcome of discussions at the ongoing bicameral conference committee especially on matters involving the alleged ‘pork insertions’ in the proposed budget.
Once everything is clear, the bill will likely proceed to ratification.
For his part, Senate President Vicente Sotto III said he is likely to support the position of Senator Panfilo Lacson who is calling on President Duterte to veto the alleged ‘pork insertions’ in the bill, if necessary.
“Kung nararapat at kung talagang maliwanag na pork, bakit hindi? Dapat i-veto,” Sotto said.
Senator Sonny Angara, meanwhile, said the passage of the proposed national budget remains their top priority at this point.
Angara argued that unless the proposed budget is passed, the government will have no choice but to operate with a reenacted budget until July.
“Walang defined item for 2019. Maybe if there are savings in agencies, then they will use that, or there are funds na, unprogrammed funds, hindi natuloy ang project, doon nila kukunin ang pondo,” Angara explained.
Under a reenacted budget, all pending projects of the government for this year will definitely be affected.
Among them is the preparation for the upcoming 2019 midterm elections, specifically the lack of funds for honoraria for teachers who will serve as election officers in the polls. – Marje Pelayo (with reports from Nel Maribojoc)
by admin | Posted on Tuesday, 5 February 2019 02:26 PM
QUEZON CITY, Philippines – Ilocos Norte Governor Imee Marcos believes it is unfair to burden sick people with high prices of medicines.
If given chance in Senate, Marcos said she would push for the removal of the 12% value added tax (VAT) not only in few medicines but in all medications.
“Bakit pa lalagyan ng buwis? Bakit pabibigatin pa? May sakit na nga yung tao kadalasan matanda, bakit mo pahihirapan pa?” the lady governor said during an interview in the program Get It Straight with Daniel Razon on Tuesday (February 5).
Marcos believes such proposal is possible since it has been imposed through the Tax Reform Acceleration and Inclusion (TRAIN) Law.
She added that poor Filipinos should enjoy the same privilege as the rich when it comes to the prices of goods.
She intends to help the agriculture sector similar to her father, the late President Ferdinand Marcos, especially the farmers who primarily suffer during calamities.
One of the programs she wants to prioritize is the government’s Pantawid Pamilyang Pilipino Program (4Ps) which she intends to improve to Pantawid Ani which will provide aide to calamity-stricken farmers from 3 to 6 months.
“Ibuo mo ang sa DSWD, DOLE, sa iba’t-ibang pangkat ng pamahalaan at gawin mong Pantawid Ani kung nasalanta ng bagyo o kung nasira ang bahay, namatayan ng mga alagang animals, magtulong tulong,” Gov. Marcos said.
Governor Imee is in favor of a shift to federal form of government but she said the proposal is not necessary at this time given that the provisions of the measure remains unclear.
When asked about her views on Martial Law, Marcos said the situation at present is hugely different from the time of her father. She believed it is necessary given the situation in Mindanao but there is no reason for it in a nationwide scope.
One project his father initiated was the Bataan Nuclear Power plant. Governor Imee seemed to oppose its reactivation.
Instead, she prefers other alternative energy sources specifically the renewable ones such as solar, windmill, and hydroelectric power plant.
“Ang bill namin medyo bumaba higit sa lahat naging tuloy-tuloy. Naging patok pa sa turista,” she said referring to the lower energy rates they enjoy in Ilocos Norte because of renewable energy sources they established.
What needs to be done, Marcos said, is to review the country’s Renewable Energy Act to be fair to the government. – Marje Pelayo (with reports from Rey Pelayo)
by UNTV News and Rescue | Posted on Monday, 4 February 2019 03:49 PM
QUEZON CITY, Philippines – Senatorial candidate Atty. Lorenzo ‘Larry’ Gadon wants to focus on lowering the price of electricity if elected to the Senate in the 2019 midterm polls.
On the program Get It Straight will Daniel Razon, Gadon said he wants the government to take control of the country’s energy industry to prevent the private sector from manipulating it.
“Dapat magtayo muli ang estado, ang ating bansa, ng mga facility o ng mga sources ng energy ng direktang pamamahalaan ng gobyerno,” he said.
Gadon also intends to introduce reforms in the country’s education system.
He argued that free tuition is not enough and that the government should provide the books and manuals to students free of charge.
The printing, Gadon said, should also be managed by the government instead of private publishing companies.
“Magkano lang naman siguro ang mga books na ipiprint mo dyan. Baka hindi pa umabot ng mga P2B iyan para iprint mo yung libreng libro para sa mga estudyante,” he said.
Gadon supports the administration in various issues such as the extension of martial law in Mindanao, the revival of death penalty, and the proposed shift to federal form of government.
The lawyer is confident that he will win in the upcoming election.
Gadon has been vocal about his opposition to election surveys, saying such polls are being used to condition the minds of the public that only popular candidates can be elected.
“Iba kasi ang lumapit sa iyo at nagsasabing kusa na iboboto ka namin kesa ikaw ang pupunta sa tao magpapgawa ka ng rally at tapos sasabihin nyo na iboto nyo ko. Hindi. Ito baligtad. Sila yung lumalapit para sabihin nila sa akin na iboboto nila ako,” Gadon said.
Gadon made it to country’s headlines when he spearheaded the ouster of former Chief Justice Maria Lourdes Sereno. – Marje Pelayo (with reports from Rey Pelayo)
UNTV is a major TV broadcast network with 24-hour programming. An Ultra High Frequency station with strong brand content that appeal to everyone, UNTV is one of the most trusted and successful Philippine networks that guarantees wholesome and quality viewing experience.