Govt eyes removing VAT exemption for elderly
Photo by Kenneth Valladolid

THIS is one government move that would surely earn the ire of the public especially those in the twilight of their lives.

As part of the Department of Finance’s plan to rationalize tax system in the country, the value added tax exemption currently being enjoyed by senior citizens will be removed to cover for revenue losses from corporate and income taxes.

This proposal is included in the tax reform package now in its final draft and to be submitted to Congress next month. The package consists of personal income tax (PIT) and consumption tax; corporate income tax…

Read more: Govt eyes removing VAT exemption for elderly

Is Meralco doing magic again?
Photo from the Philippine Star

THE magician is back with his tricks. The audience is not amazed. Nay, they’re not even laughing.

The rabbit in the hat will cost people thousands of pesos.

The rabbit is smart meters, Meralco, the magician, is taking from the hat to tell over 3.3 million power consumers in Metro Manila and nearby provinces, it will install soon.

The smart meter will cost US$100.00 or P4,750.00 each and will be installed in over 3.3 million consumers’ homes, half of Meralco’s franchise area. This will earn Meralco a total of P15.6-Billion.


Read more: Is Meralco doing magic again?

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Saturday, 20 October 2018
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