THE House of Representatives is targeting a May 4 vote on a proposal to remove the value-added tax (VAT) on petroleum products, as lawmakers push broader relief from rising fuel costs despite opposition from the government’s economic team.
“The members of Congress are ready to vote to lower the VAT,” Batangas Rep. Leandro Antonio L. Leviste said during a Legislative Energy Action and Development Council hearing on Wednesday, adding that the chamber has sufficient support to move forward with the measure.
Mr. Leviste said lawmakers are prepared to bypass resistance from the economic team and proceed with legislation that would suspend the 12% VAT on petroleum products.
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