The Duterte administration has assured that there will be no change in the value-added tax exemption for senior citizens and persons with disabilities.
Department of Finance Undersecretary Karl Kendrick Chua announced the good news in a press briefing in Malacañang yesterday.
Chua said that the tax reform measures aim to decrease the poverty rate from 22 percent to 14 percent and make the Philippines a middle-income country by 2022, and the tax reform is part of President Duterte's 10-point socioeconomic agenda.
Chua said that while some sectors consider the tax reform measures as a burden, Filipinos should instead look at it as a package.
In the same press briefing, Presidential spokesperson Ernesto Abella conveyed President Rodrigo Roa Duterte's message to the Filipino-Chinese community in its celebration of the Chinese New Year.
“The government shares the joys and hopes of our Chinese friends and Chinese - Filipinos who have found a root and reason for staying in the country,” the President said in his Chinese New Year message.
In his message, President Duterte underscored the role of the Filipino-Chinese community in the country, particularly its contribution to trade and investments as well as in culture.
“The philosophy and attitude in life are a wellspring of practical lessons that all of us, regardless of nationality, can learn from,” Duterte said in his message.
Presidential spokesperson Abella meanwhile noted the reopening of the Philippine-Malaysia barter trade on February 1.
It will be recalled that the barter trade between Sabah, Malaysia and the island provinces of ARMM was shut down almost a year ago following kidnapping of Malaysians by terrorist group Abu Sayyaf.
Abella said there are also plans to put up a consular office in Kota Kinabalu, Malaysia to attend to the needs of the Filipino - Muslims in the area.
Source: Daily Star