A day after the House of Representatives resumed its session, the chamber approved on second reading three priority tax measures that is expected to generate P47 billion in additional revenues for the government.
On Tuesday, Nov. 8, lawmakers passed on second reading House Bill No. 4102, or the Single-use Plastic Bags Tax Act; HB 4122, or the value-added tax on Nonresident Digital Service Providers ; and HB 4339 or Package 4 of the Comprehensive Tax Reform Program .
These revenues will include some P19 billion from the non-resident DSP, P9.3 billion from plastic bags, and P20 billion from Package 4 of the CTRP. The House leader also emphasized some key points for the approved measures, one of which is the VAT on digital services will not be imposed on Filipino businesses.
The Single-use Plastic Bags Tax Act will impose an excise tax of P100 per kilo of disposable plastic bags.
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