PAPER EDITION: HEADLINE: MANILA- Tax on plastics, online transactions gets new push
A World Bank study says Philippine households use about 1.2 million tons of plastic packaging each year. (PHOTO BY NIÑO JESUS ORBETA/LYN RILLON)
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MANILA, Philippines — The government is determined to boost its revenues from the boom in digital or online transactions with an estimated yearly value-added tax (VAT) collection of as much as P13.2 billion from them and P1 billion more from single-use plastic products, which are a major pollutant, according to Finance Secretary Benjamin Diokno.
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Aside from the fresh push for the two measures, the new administration is not planning any new or higher taxes in the short term, Diokno said during a press conference on Friday with other members of the economic team of President Ferdinand Marcos Jr.
Read more: https://newsinfo.inquirer.net/1624944/tax-on-plastics-online-transactions-gets-new-push#ixzz7YbledaBH
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The -Marcos -Romualdez Family Newspaper- The Manila Times Political Troll … propagates FAKES NEWS
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