The Essential Food VAT Relief Act would temporarily drop the 12% VAT on basic foods like rice, canned fish, eggs, milk, bread, cooking oil, and salt when the President declares an economic crisis, for up to one year, with rules to make sure the price cut reaches shoppers and a cap on lost tax revenue.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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HB08914 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.