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.
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.
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Today’s paper: July 10, 2022