• Taxation reform to get push in next Congress

    2

    REFORMS on taxation, education and labor will be the focus of Sen. Juan Edgardo Angara and with the new members of the chamber having similar advocacies, he may have bigger chances of having his proposals enacted into law.

    Angara has been pushing for income tax reform to make the system of taxation more equitable and progressive and has vowed to continue working on passage of such reform in the next Congress.

    As chairman of the Senate ways and means committee, which handles all matters relating to revenue, he sponsored four of the six bills that were later enacted into law.

    Among the measures signed by President Benigno Aquino 3rd that Angara sponsored were Republic Act 10653 providing tax exemption on 13th month pay and other benefits not exceeding P82,000; RA 10708 or the Tax Incentives Management and Transparency Act (Timta); RA 10754 that exempts persons with disabilities (PWDs) from value added tax (VAT); and RA 10863 or the Customs Modernization and Tariff Act (CMTA).

    In the coming 17th Congress, the senator will be filing an income tax reform bill that seeks to adjust evels of taxable income to inflation to ease taxpayers’ burden and to make the tax system more equitable and progressive.

    On education reform, Angara authored recently enacted laws, which he has been filing since his days in the House of Representatives that seek to ensure wider access to quality education.

    These include the Unified Student Financial Assistance System Act (UNIFAST), the) Ladderized Education Act, the Open Learning and Distance Education Act and the Open High School System Act.

    Angara said he will push for new laws that would surely benefit the majority of Filipinos by giving them the opportunity to improve their lives.

    He headed five committees in the 16th Congress–ways and means; games, amusement and sports; labor, employment and human resources development; foreign relations; and tourism.

    As chairman of these committees, he principally sponsored 12 laws of national significance, the highest number among new senators.

    JEFFERSON ANTIPORDA

    Share.
    loading...
    Loading...

    Please follow our commenting guidelines.

    2 Comments

    1. The more liberal and simple the custom tariff is, the less corruption, and more voluntary compliance there will be…..which means higher tax collection and more efficient custom.

    2. Senator Angara is one of the best senators in our country. Just one question, what bill or law that passed made by Bong Bong Marcos ? It it true that he did not sponsor any bill while he a senator ? What a waste of taxpayers money.