Tags / Environmental Goods
Environmental Goods
Measures (1)
SBN-1851bill · in_committee
DIFFERENTIATED VALUE-ADDED TAX RATES ACT
This bill proposes to reduce the general Value-Added Tax (VAT) rate from 12% to 10% while maintaining the 12% rate for certain non-essential and environmentally sensitive goods and services. It amends several sections of the National Internal Revenue Code to implement these changes.