- The Federation of Philippine Industries (FPI) proposed a VAT adjustment mechanism to cushion businesses and consumers from volatile fuel prices.
- FPI suggests a price-smoothing mechanism that adjusts VAT based on a reference oil price to stabilize prices while maintaining fiscal discipline.
- The group calls for targeted, temporary support for vulnerable sectors, especially MSMEs and energy-intensive industries.
- FPI advocates for a “Buy Local” strategy to strengthen domestic production and reduce import dependence.
Source: manilastandard.net
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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