Wednesday, January 27, 2010

E-VAT exemptions for senior citizens

Good news to our grandmothers and grandfathers! Congress just passed the bill exempting Senior Citizens from 12% VAT. Upon PGMA’s signing of this law, estimated before Valentine’s Day, senior citizens will now get to enjoy a full 20% discount from their different purchases like food, clothing, medicines, etc. I am just kind of sad because this kind of law should have been passed and signed long ago and no need to wait for an election. Well as they said, “Better late than never.” Ugh!


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