Lawmakers seen rejecting removal of VAT exemptions

Congress will thumb down a planned removal of value-added tax (VAT) exemptions for senior citizens and persons with disabilities (PWD), House leaders said on Wednesday.

House Minority Leader Danilo Suarez of Quezon and House Deputy Minority Leader Joselito Atienza of Buhay party-list expressed their vehement opposition to such plan of the Duterte administration to broaden the tax base to offset the government’s revenue loss resulting from lowering of income and corporate income taxes.