Filipino households
VAT REDUCTION ACT
The VAT Reduction Act proposes to lower the Value-Added Tax (VAT) rate from 12% to 10%, aiming to alleviate the tax burden on consumers and stimulate economic growth.
NATIONAL WATER RESOURCES MANAGEMENT ACT
The National Water Resources Management Act aims to create a comprehensive framework for managing water resources in the Philippines by establishing the Department of Water Resources and the Water Regulatory Commission, defining their roles, and ensuring sustainable access to clean water.
NATIONAL WATER RESOURCES MANAGEMENT ACT
Senate Bill No. 240 aims to establish a national framework for water resource management in the Philippines by creating the Department of Water Resources and the Water Regulatory Commission. It seeks to ensure universal access to safe and clean water, improve sanitation services, and promote sustainable water management practices.
PRICE OF ELECTRICITY
This bill aims to lower electricity prices by exempting the sale of electricity from the Value Added Tax (VAT), which is currently imposed at 12% on electricity sales by generation, transmission, and distribution companies, as well as electric cooperatives.