HB 4302
House·20th Congress·Filed Sep 2, 2025
An Act Reducing the Value-Added Tax (VAT) from 12% to 10%, Amending for the Purpose the National Internal Revenue Code of 1997, as Amended, and for Other Purposes
In plain language
The bill proposes to lower the national value‑added tax from 12% to 10% for sales, imports, services and leases, but lets the President raise it back to 12% for a year if the government’s deficit exceeds its target.
TaxationPublic Order and Safety
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Author · Representative
Official sources
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HB04302 · Sources: BetterGov Open Congress, BatasWatch