An Act Reducing the Rate of Value-Added Tax (VAT) from 12% to 10%, Amending for the Purpose Sections 106 (A), 107 (A), and 108 (A) of the National Internal Revenue Code of 1997, as Amended
The bill lowers the national VAT from 12 % to 10 % and lets the President raise it back to 12 % for a year if the government’s deficit gets too large.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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SBN-1916 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.