Lazada Philippines aff_i?offer_id=3127&file_id=94990&aff_id=150634 - Exempt VAT for Persons with Disabilities - LGU Philippines

normal_post - Exempt VAT for Persons with Disabilities - LGU Philippines Author Topic: Exempt VAT for Persons with Disabilities  (Read 276 times)

Ligalig-Mike

  • FOUNDER
  • GURU
  • *****
  • avatar_1_1507939928 - Exempt VAT for Persons with Disabilities - LGU Philippines
  • Posts: 18912
  • medal1 - Exempt VAT for Persons with Disabilities - LGU Philippinesmedal2 - Exempt VAT for Persons with Disabilities - LGU Philippines
  • Need A Website? Email me: info@mikeligalig.com
    • Share Post
xx - Exempt VAT for Persons with Disabilities - LGU Philippines
Exempt VAT for Persons with Disabilities
« on: August 14, 2012, 02:38:36 PM »
by pna

A lawmaker on Tuesday urged Congress to fast track the approval of a bill exempting persons with disabilities (PWDs) from paying value added tax (VAT) on medicines, transportation, hotels, restaurants, theaters and other business establishments.

House Bill 6423, authored by Rep. Ferdinand Martin Romualdez (1st District, Leyte), seeks to amend Republic Act 7277 otherwise known as the Magna Carta for Persons with Disabilities.

"The bill is an equalizing measure because this will accord PWDs exactly the same discount privilege enjoyed by senior citizens by virtue of Republic Act 9994, who are enjoying a P20 discount or the equivalent of 20% for every P100 value of good or service purchased," Romualdez said.

"Persons with disabilities effectively enjoy only P12 for every P100 worth of good or service because the law does not exempt them from the VAT, which is imposed on the net value of the good or service or 10% of the P80 after deducting P20, representing the 20% discount granted in RA 9442, for every P100 worth of goods or service purchase," Romualdez added.

The measure exempts PWDs from paying VAT on all services in hotels, restaurants, recreation centers, theaters, concert halls, carnivals, on fare for domestic air and sea travel, public railways, skyway and bus fare, among others.

It also provides the PWDs exemption from VAT on the purchase of medicine, medical and dental services including diagnostic and laboratory fees, and professional fees of attending doctors in accordance with the rules and regulations to be issued by the Department of Health (DOH), in coordination with the PhilHealth.

Under the bill, the establishments may claim the discounts granted as tax deductions based on the net cost of the goods sold or services rendered and the amount must be included in their gross sales receipts for tax purposes and shall be subject to proper documentation and to the provisions of the National Internal Revenue Code.

The Department of Social Welfare and Development, the National Council on Disability Affairs (NCDA), the Department of Health (DOH) and the Bureau of Internal Revenue (BIR), in consultation with the concerned Senate and House committees, agencies, organizations and establishments shall formulate the implementing rules and regulations pertinent to this Act.

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=53573.0
Romans 10:9
"That if you shall confess with your mouth the Lord Jesus, and shall believe in your heart that God has raised him from the dead, you shall be saved."

personal01432050 - Exempt VAT for Persons with Disabilities - LGU Philippines

pCloud Premium


Share via facebook Share via linkedin Share via pinterest Share via tumblr Share via twitter

 

Booking.com

Latest Topics

Hopelessness in the occupied Palestinian territories by islander
[Today at 12:22:53 AM]


Making our own shameful history by islander
[Yesterday at 08:46:11 PM]


Optimist vs Pessimist by islander
[Yesterday at 05:33:48 PM]


Stephen Hawking's final book offers brief answers to big questions by islander
[October 16, 2018, 07:28:47 PM]


Even If the Worst Thing Happens by MIKELIGALIG.com
[October 16, 2018, 04:53:32 AM]


PNP Hiring by MIKELIGALIG.com
[October 14, 2018, 05:37:25 PM]


Wannabes and charlatans on the march by islander
[October 14, 2018, 01:01:51 PM]


Fashion vs No Choice by islander
[October 14, 2018, 06:03:26 AM]


Ang makapahinuklog nga kinabuhi sa usa ka bugtong anak nga lalaki by islander
[October 14, 2018, 05:57:25 AM]


Asa ang hustisya? by MIKELIGALIG.com
[October 13, 2018, 10:43:22 AM]

SMF spam blocked by CleanTalk
pCloud Premium
Powered by SMFPacks SEO Pro Mod | Sitemap
Mobile View
SimplePortal 2.3.7 © 2008-2018, SimplePortal