Lifting of PWD, senior tax exemption opposed | Inquirer News

Lifting of PWD, senior tax exemption opposed

By: - Reporter / @TarraINQ
/ 04:55 AM August 18, 2016

Several senators yesterday opposed the planned lifting of the tax exemptions for senior citizens and persons with disabilities (PWDs) supposedly to offset the expected revenue losses if personal and corporate tax rates were cut under the proposed tax reforms.

The Duterte administration was considering such options to ensure stability in tax collections while fulfilling the President’s promise to lower the country’s tax rates, currently among the highest in the world.


Sen. Ralph Recto, one of the authors of the law on tax exemptions for PWDs, said “it will be very difficult for them” to remove the Value-Added Tax (VAT) exemptions for seniors and PWDs.

“I think they do not plan on increasing the VAT rate. If not, they are looking to lift the exemptions on certain sectors. I told them to go easy on that, especially on senior citizens and persons with disabilities,” said Recto.


Recto was among seven senators who met with President Duterte and Finance Secretary Carlos Dominguez on Monday to discuss the administration’s tax reform agenda.

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: PWD, Tax Exemption
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2021 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.