- Kiko Barzaga proposes abolishing the 12 percent VAT to ease financial burdens on Filipinos.
- He argues VAT is regressive and unfair, affecting even the poor and struggling.
- Barzaga suggests alternative revenue sources that are more progressive and fair.
- He believes radical change is necessary to support the Filipino people.
Source: politiko.com.ph
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Philippines"
- The BIR suspends audits of books of accounts until further notice
- Philippine Senate Proposes Abolishing VAT and 3% Tax, Signaling Major Tax Reform
- Philippine Court Clarifies Input VAT Refunds for Zero-Rated Sales in Recent Decision
- Philippine Court Bars VAT Deficiency Collection Due to Expired Three-Year Prescriptive Period
- Philippine Court Clarifies Input VAT Refunds for Zero-Rated Sales in Multinational Branch Case
