Retention of VAT exemption to elderly, disabled seen

The Department of Finance (DOF) seems to have been listening to the clamor of the public against a plan to remove the value added tax (VAT) exemption given to senior citizens and persons with disabilities (PWDs) and is considering abandoning the idea.

According to Sen. Juan Edgardo Angara, the Finance department will be coming up with a revised tax reform proposal that seeks to generate additional income for the government but without taking out the VAT exemption of senior citizens and PWDs.