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VILLAFUERTE BACKS VAT FREEZE ON PETROLEUM GOODS
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VILLAFUERTE BACKS VAT FREEZE ON PETROLEUM GOODS
Camarines Sur (CamSur) Rep. Migz Villafuerte is backing a proposal in the 13-committee House mega panel tackling the global oil shock to suspend for two months the collection of the Value Added Tax (VAT) on petroleum products, “to relieve the burden of the now outrageous fuel prices, which, unless eased, could possibly shove as many 1.34 million to 3.5 million near-poor Filipinos into poverty.” Villafuerte said he supports the proposal of Mar…
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