LAPID PROPOSES VAT EXEMPTION AND EXPANDED DISCOUNT ON WATER AND ELECTRIC BILL FOR SENIOR CITIZENS

Senator Manuel "Lito" Lapid has proposed a measure which seeks to expand the discount currently provided to senior citizens for their water and electricity consumption and exempt their water and electricity bills from the Value Added Tax (VAT).

Under Senate Bill No. 2169, Lapid stated a minimum of 5% discount shall be granted to senior citizens on the first 150 kilowatt hours of electricity consumption, which is an increase of 50% from the previous 100 kilowatt hours of electricity consumption already being granted to senior citizens.

A minimum of 5% discount shall also be granted on the first 50 cubic meters of water consumption, an increase from the previous 30 cubic meters.

Senator Lapid further proposes to exempt from the 12% VAT, the water and electricity bills of senior citizens, so long as the bill is under the name of the senior citizen.

Senator Lapid believes that the proposed measure would be very beneficial to senior citizens who have no income and are short on expenses for their food, medicine, and other basic necessities.

"Many senior citizens are poor and find it challenging to manage and budget their pensions, so it is only appropriate to provide and offer them with some relief through VAT exemption and an expanded coverage on the 5% discount on water and electricity consumption," Senator Lapid said.

According to Senator Lapid, this is also a way for society to show gratitude and support to senior citizens who made significant contributions to the country's economy during their youth.

"Any form of aid, assistance, or support that we can give to senior citizens serves a meaningful gesture to convey our love, affection, and concern for their invaluable contributions to our society," Lapid stated.

MAS MALAWAK NA DISCOUNT AT VAT EXEMPTION SA WATER AT ELECTRIC BILLS NG SENIOR CITIZENS, IPINANUKALA NI SEN. LAPID

IPINANUKALA ni Senador Lito Lapid na i-exempt sa 12 percent Value Added Tax (VAT) at mas palawakin ang discount sa bill sa kuyente at tubig ng mga senior citizens.

Sa ilalim ng Senate Bill Number 2169 sinabi ni Lapid na ipatutupad ang limamg porsyentong diskwento ng mga senior citizen sa 150 kilowatt hours mula sa kasalukuyang 50 Kilowatt Hours sa konsumo sa kuryente.

Samantala, ipapatupad naman ang limang porsyentong diskwento sa konsumo sa tubig sa unang 50 Cubic Meters mula sa kasalukuyang 30 cubic meters.

Isinulong din ni Lapid na ilibre na sa 12 percent value added tax ang konsumo sa tubig at kuryente kung nasa ilalim ng pangalan ng senior citizens ang bills.

Naniniwala si Lapid na malaking tulong na ito sa lolo't lola na walang kita at kapos sa panggastos sa kanilang pagkain at mga gamot.

"Maraming senior citizens ang mahihirap at kapos na rin sila magbadyet ng kanilang pensyon kaya nararapat lang mapagkalooban ng konting ginhawa sa pamamagitan ng VAT exemption at mas pinalawak na 5 porsyentong diskwento sa konsumo sa tubig at kuryente," pahayag ng Supremo ng Senado

Paraan na rin anya ito ng pagpapasalamat ng lipunan sa mga senior citizen na malaki ang naiambag sa ekonomiya ng bansa noong kabataan nila.

"Anumang maibigay natin konting ayuda o suporta sa mga senior citizen ay malaking bagay na upang iparamdam sa kanila ang pagmamahal at malasakit natin sa naging ambag nila sa ating lipunan,"