Senate approves VAT exempt of PWDsSeptember 3, 2015
Good news for Persons with Disability!!!
The Senate has unanimously approved on third and final reading a bill that seeks to exempt persons with disabilities (PWDs) from paying the mandatory 12 percent value added tax (VAT) on goods and services.
No senator objected when the Senate voted Tuesday to approve Senate Bill No. (SBN) 2890, said Senator Sonny Angara, chairman of the Senate committee on ways and means.
Angara said the passage of the bill would exempt PWDs from paying the 12 percent VAT on top of the 20 percent discount they are entitled to on particular goods and services.
“The new tax breaks under SBN 2890 are part of growing government programs and policies meant to assist the sick and handicapped and uplift them in their moments of need, as mandated under existing laws such as Republic Act 7277,” the senator said in a statement Tuesday.
Republic Act 7277, also known as the Magna Carta for Disabled Persons, provides a 20 percent discount for PWDs on the sale of goods and services such as medicines, medical and dental services, hospital and laboratory fees, local transport fares, restaurants, hotels, theaters and educational assistance. [To read the full article, click http://m.inquirer.net/newsinfo/?id=718528]