Metro

  Home  

  About Us  

  Contact Us 

  Subscribe     Advertise  
  Archives     Feedback  

  Register  

  Help  

  Special Report

  Top Stories

  Opinion

  World

  Weekend

  Sports

  Career Times

  Property & 
   Home

 
 
 

Sunday, July 06, 2008

 

E-VAT exemption for senior citizens seen

By Sammy Martin, Reporter

ADDITIONAL gift for elderly could be underway after a lawmaker from the National Capital Region over the weekend sought for the exemption of senior citizens from the 12-percent expanded value added tax (E-vat) on the services and commodities they patronize.

Congresswoman Ma. Theresa Bonoan-David has filed House Bill 4421 or “An Act Exempting Senior Citizens from the 12-percent E-VAT,” since the implementation of the 12-percent E-VAT has impaired the 20-percent discount privilege granted to senior citizens.

“Establishments and services are deducting the 12-percent E-VAT from the 20-percent discount of senior citizens, thereby greatly reducing the said discount to only 8 percent which is contrary to the grant of the law,” Bonoan-David lamented.

“By exempting senior citizens from the 12-percent E-VAT, they will be able to enjoy the full 20-percent discount granted by law,” she added.

David claimed that the measure is an adherence to Sec. 4 of Art. XV of the Constitution, which states that “the family has the duty to care for its elderly members, but the State may also do so through just programs of social security.”

The proposal provides the purchases by senior citizens of commodities or services, covered by Republic Act 9257 or the Expanded Senior Citizens Act of 2003, shall not be subjected to 12-percent E-VAT.

Furthermore, in case the establishments collected the 12-percent E-VAT from senior citizens, the establishments shall only be entitled to an 8-percent tax deduction corresponding to the sales discount it extended to the senior citizens concerned.

   
 

manilablossoms

Cheap Airline Tickets


Sponsored Links
 

Back To Top

 
 
 

Ping Oco, Franklin Bartolay
Powered by: 
The Manila Times Web Admin.

  

Home | About Us | Contact | Subscribe | Advertise | Feedback | Archives | Help

Copyright (c) 2001 The Manila Times | Terms of Service
The Manila Times Publishing Corp. All rights reserved.

Hosted by: