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?

Page 7 of 7

Like us in Facebook


Latest News

DBM signs MOA with PLM on procurement course

    By Rose de la Cruz   Last February 19, the Department of Budget and Management, through the Government Procurement Policy Board (GPPB), signed... Read More...
A hollow block business that rose from a personal need

  By Rose de la Cruz   The hollow block business of Franklin Carmelo in Urdaneta City, Pangasinan began out of a personal need to fence his other... Read More...
Comelec control urged for narco-infested LGUs

  By Francisco Benjamin Garcia   Rep. Bernadette Herrera-Dy, chairman of the committee on public information at the lower house has urged that... Read More...

WHILE the modernization of public utility vehicles has always been in the wish list of past administrations, thought of as a solution to the... Read More...
IMAGE Honest Hubby and Other Laughs

Honest Hubby?THERE was this old lady who was caught shoplifting. On court day her husband accompanied her as she faced the judge. "Why did you... Read More...
IMAGE All about women and wives and other laughs

All about women and wives I married Miss Right. I just didn’t know her first name was Always. ***** Marriage is a three-ring circus: engagement... Read More...

TULUYAN nang tinuldukan ni Presidente Rodrigo Duterte ang anumang pagtatangka ng ibang mga grupo at sektor na buhaying muli ang usapang... Read More...

Guhit ni Ed Rompal INIULAT ni Senador Sonny Angara na nagkasundo na ang congressional bicameral conference committee sa limang probisyon na... Read More...

Our Guests

This week4708
This month18530

Visitor Info

  • Your IP:

Who Is Online


Friday, 23 February 2018
© 2016 OpinYon News Magazine Online. All Rights Reserved.

Please publish modules in offcanvas position.