Pres. Aquino Signs Into Law the Bill Exempting PWDs from 12% VATMarch 30, 2016
[This is a repost from Inquirer.net]
More than a million disabled Filipinos will finally enjoy tax exemptions at par with the perks granted to senior citizens, maximizing the benefits that they deserve under the law.
President Aquino has signed into law a bill authored by Leyte Rep. Martin Romualdez granting persons with disabilities (PWDs) exemption from the 12-percent value-added tax (VAT) on certain goods and services.
The President signed Republic Act No. 10754 granting VAT exemption benefits to persons with disabilities last March 24, Presidential Communications Secretary Herminio Coloma Jr. said he had been informed yesterday.
“From the bottom of my heart, I thank the President for signing this very important measure into law. This is a compassionate measure aimed at helping the plight of the PWD sector,” Romualdez said in a statement yesterday.
The bill was ratified in the House and Senate last December and transmitted to Malacañang on March 2.