- Leandro Leviste criticized Executive Secretary Ralph Recto for opposing his proposal to reduce VAT from 12% to 10%, citing Recto’s previous role in raising VAT.
- Leviste joined protests demanding the removal of excise tax and VAT on fuel due to soaring oil prices caused by the US-Israel-Iran conflict.
- Recto argued that lowering VAT would cause significant revenue losses and reduce funding for essential public services.
- Leviste insisted that reducing VAT is urgently needed to help Filipinos facing high prices, and criticized Congress for allowing the Cabinet to block a vote.
- There is no timeline yet for implementing the law allowing President Marcos to suspend or reduce fuel excise tax, despite ongoing oil price surges.
Source: gmanetwork.com
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.
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