Tuesday, December 11, 2018

Gov Marcos urges government to lift VAT for one year

Oct 5, 2018 @ 12:35

Ilocos Norte Governor Imee Marcos called for a one-year suspension of the Value-Added Tax (VAT) on basic commodities, fuel, and electricity to counter the rising inflation rate in the country.

The Ilocos Norte politiko said the move aims to provide relief to Filipinos, especially those living in the provinces.

Marcos said the government’s anti-inflation strategies will take some time before the poor feels their effects.

“The temporary lifting of the VAT on basic commodities will provide urgent much-needed relief to Filipinos as inflation hit the hardest in the countryside. The poor Filipinos, they cannot wait for anti-inflation strategies that could take months to work. They need solutions now,” she said.

“Filipinos cannot wait for global oil prices to go down. Prices are already too high for Filipinos living below the poverty line,” Marcos added.

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