{"id":85517,"date":"2017-01-17T02:08:09","date_gmt":"2017-01-17T07:08:09","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=85517"},"modified":"2017-01-17T02:08:09","modified_gmt":"2017-01-17T07:08:09","slug":"dof-open-to-retaining-vat-exemption-for-seniors-pwds","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/01\/17\/dof-open-to-retaining-vat-exemption-for-seniors-pwds\/","title":{"rendered":"DOF open to retaining VAT exemption for seniors, PWDs"},"content":{"rendered":"
\"DOF<\/a>
DOF open to retaining VAT exemption for seniors, PWDs (Photo: Sonny Angara\/Facebook<\/a>)<\/figcaption><\/figure>\n

MANILA\u2014 Sen. Juan Edgardo “Sonny” Angara on Tuesday welcomed the decision of the Department of Finance (DOF) to come up with a revised tax reform proposal which keeps the value added tax (VAT) exemption benefits of senior citizens and persons with disabilities (PWDs).<\/p>\n

This comes after DOF representatives met with senators, led by Angara, chair of the Senate Committee on Ways and Means, in a public hearing on such proposal.<\/p>\n

The DOF has recently presented the latest draft of the revised version of the first of six packages of the Duterte administration’s comprehensive tax reform program.<\/p>\n

Package 1 seeks to lower personal income tax rates, broaden the VAT base, and adjust excise taxes of petroleum products and automobiles.<\/p>\n

To recall, DOF’s initial proposal seeks to expand the VAT base by limiting exemptions to raw food, education and health thus repealing laws exempting senior citizens and PWDs from VAT.<\/p>\n

Senior citizens and PWD groups have openly expressed their disapproval on such move.<\/p>\n

“The DOF is open to retaining the VAT exemption of senior citizens and PWDs. This means that the administration listens to the demands and grievances of our citizens,” Angara said.<\/p>\n

“We will continue to coordinate with out economic managers to come up with a comprehensive tax reform program that is fair, progressive and will not be a burden to ordinary Filipinos,” he added.<\/p>\n

Angara, meanwhile, said that he would continue to conduct more public hearings on the comprehensive tax reform program while the DOF is finalizing its proposal.<\/p>\n

The next Senate ways and means committee hearing on the comprehensive tax reform is tentatively set on January 25.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u2014 Sen. Juan Edgardo “Sonny” Angara on Tuesday welcomed the decision of the Department of Finance (DOF) to come up …<\/p>\n","protected":false},"author":33,"featured_media":85519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,1145,16,95],"tags":[11506,13743,13744],"class_list":["post-85517","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-headline","category-news","category-news-ph","tag-department-of-finance","tag-juan-edgardo-sonny-angara","tag-persons-with-disabilities","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/85517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=85517"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/85517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/85519"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=85517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=85517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=85517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}