Low-Income Households
VAT EXEMPTION ON POWER CHARGES ACT
This bill seeks to amend the National Internal Revenue Code to exclude systems loss charges, universal charges, and cross subsidies from the value-added tax base on power sales, aiming to reduce electricity costs for consumers.
VAT TREATMENT OF SOCIALIZED ELECTRICITY SUBSIDIES AND STATUTORY CHARGES
This bill clarifies the value-added tax (VAT) treatment of socialized electricity subsidies and statutory charges under the Electric Power Industry Reform Act of 2001. It amends the National Internal Revenue Code to exclude certain amounts from the VAT base, ensuring that consumer-provided subsidies do not contribute to the VAT burden on electricity consumers.
MURANG BILIHIN AT SERBISYONG MEDIKAL ACT
The Murang Bilihin at Serbisyong Medikal Act aims to reduce the cost of basic goods, essential utilities, and medical services by expanding value-added tax exemptions. It proposes to amend the National Internal Revenue Code to exempt certain transactions from VAT, thereby making essential goods and services more affordable for low-income households.
AUTOMATIC SUSPENSION OF EXCISE TAXES ON PETROLEUM PRODUCTS
This bill aimed to amend the National Internal Revenue Code to allow for the automatic suspension of excise taxes on regular gasoline, unleaded premium gasoline, and diesel during periods of sharp price increases or supply disruptions.
GOVERNMENT ASSISTANCE TO PRIVATE BASIC EDUCATION ACT
This bill aims to provide government assistance to private basic education by expanding the existing programs under the Government Assistance to Students and Teachers in Private Education Act. It proposes a voucher system for tuition subsidies and aims to improve access to quality education for low-income households.