The chairman of the House Committee on Ways and Means said on Wednesday that the lower chamber is now working to provide a comprehensive approach, including exploration of a separate insurance fund under PhilHealth, to address the challenges faced by senior citizens, particularly in accessing health care. In a recent…
THE House of Representatives on Monday approved on second reading CREATE MORE or CREATE to Maximize Opportunities for Reinvigorating the Economy, which seeks to modify income tax rates for domestic corporations, adjust tax brackets for individuals, introduce a new tax bracket for high-income earners, and revise tax incentives for certain…
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LAWMAKERS approved last Tuesday a bill designating the motor vehicle (MV) and MV-component manufacturing industry as a priority sector and including it in the country’s “strategic investment priority plan,” or “Sipp.” The Sipp is the list of sectors that are qualified for tax perks under Republic Act (RA) 11534, or…
The House Committee on Ways and Means, House Committee on Senior Citizens, and Special Committee on Persons with Disabilities on Tuesday directed the Department of Trade and Industry (DTI) and the Department of Agriculture (DA) to increase the senior citizen’s discount on basic goods from P65 per week to P125…