Press Release
January 29, 2010

On reports GMA won't support VAT exemption for seniors

"Congress has already done its part with respect to this measure. It is now up to President Arroyo to decide whether her government is willing to provide relief to our elderly who have long been deprived of the full benefits of the 20 percent senior citizens discount because of the 12 percent VAT. It's time our government gives back what is due our elders who had given much to our country in their lifetime. The lolos, lolas, and parents in our families deserve every bit of care and attention. The estimated foregone revenues of P54.4-million is a small loss to government, compared to society's gains from improved health care and increased purchasing power that our elderly are bound to gain. The lost income is not a compelling reason to deprive our elders of the quality of life they deserve."

News Latest News Feed