An Act Granting Temporary Value-Added Tax (VAT) Exemption on Basic Commodities and Reducing Excise Tax on Petroleum Products by Fifty Percent (50%) for a Period of Three (3) Months During a Declared National Emergency or State of Calamity, and for Other Purposes
The bill would temporarily remove VAT on essential foods and cut petroleum excise taxes by half for three months whenever the President declares a national emergency or calamity.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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SBN-2022 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.