The bill would lower the value‑added tax from 12% to 10% on all sales, services and imports, but lets the President raise it back to 12% for a year if the government’s projected deficit gets too large.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB08999. Status changes over time; check the link for the latest.
HB08999 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.