An Act Reducing the General Value-Added Tax Rate to Ten Percent (10%), Retaining the Twelve Percent (12%) Rate for Certain Non-Essential, Premium, and Environmentally Sensitive Goods and Services, and Amending for the Purpose Sections 106, 107, 108, 113, 114, and 115 of Republic Act 8424, or the National Internal Revenue Code of 1997, as Amended
The proposal lowers the standard VAT from 12 % to 10 % for most purchases, but keeps a 12 % rate on items considered non‑essential, luxury, or harmful to the environment.
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SBN-1851 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.