Close  

Senators agree on 10 percent vanity tax

By: - Reporter / @MAgerINQ
/ 06:55 PM November 27, 2017

Instead of 20 percent, senators unanimously agreed on Monday to just impose a 10 percent excise tax on vanity or cosmetics procedures.

Under the tax reform measure, an additional 20 percent tax is being proposed on non-essential goods and services such as cosmetics procedures and surgeries.

ADVERTISEMENT

But Senate President Ralph Recto wanted to delete the said provision, which was strongly opposed by Senate Minority Leader Franklin Drilon.

“We raise an objection on the proposal to totally delete the vanity or cosmetic tax because it is, in our view, totally unjust and violates the principle of progressive taxation,” Drilon said.

FEATURED STORIES

“In lieu of the objection, may I propose an amendment to Senator Recto, who is the proponent of the amendment to delete the cosmetic or vanity tax, may I propose that instead of 20 percent tax as proposed by the committee, that the same be amended to 10 percent, instead of totally deleting it…” he said.

While insisting on his amendment to remove the vanity tax, Recto recognized that many of his colleagues wanted to impose tax on cosmetics procedures.

“In principle, I already mentioned all my reasons why I’m against it but I see that many of our colleagues want to have a tax on cosmetic procedures so that their wives or husbands possibly will not have a cosmetic procedure, hindi na sila gagastos masyado,” he said.

“Having said that Mr. President, I’m amenable to 5 percent,” Recto said.

But Drilon did not back down and insisted on his own amendment.

In the end, Recto acceded to Drilon and agreed to impose a 10 percent vanity tax.

The chamber has yet to approve the tax reform measure, which was already approved in the House of Representatives.

ADVERTISEMENT

Last week, the senators had already removed the tax vanity in the bill but it was restored also on Drilon’s motion. /je

RELATED STORIES:

Senate restores 20% tax on cosmetic surgery in tax reform bill

Senate drops cosmetic surgery tax from tax reform bill

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

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: cosmetic surgery, cosmetics procedure, Excise Tax, Senate, tax reform bill, vanity
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 INQUIRER.net | 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.