Impact on The People

  • Protecting the poor and low income Filipinos: VAT

    • VAT threshold for marginal establishment can be increased from 1.9 to around 3 million pesos, thereby exempting their goods from VAT
      • Cooperatives below the threshold will still be exempt
      • Raw agricultural products will continue to be VAT exempt.
      • Higher oil excise: targeted transfers, pantawid pasada, and jeep modernization.
    • Combined tax-transfer effect*

    • impact-to-people

    • After tax-transfer reform,