Tiangco, isinusulong ang joint resolution No. 4 para pansamantalang suspendihin ang VAT collection sa fuel

ISINUSULONG ni Navotas Representative Toby Tiangco ang magkasanib na resolusyon ng Kamara at Senado na humihimok kay Pangulong Ferdinand “Bongbong” Marcos Jr. na pansamantalang suspendihin ang pangongolekta ng Value-Added Tax (VAT) sa lahat ng produktong petrolyo dahil sa nagpapatuloy na sigalot na kinasasangkutan ng Iran, Israel at United States of America (USA).

“The continuing conflict is expected to cause significant increases in fuel prices, which will in turn also affect the price of basic commodities,” ani Tiangco.

“A temporary suspension of the Value-Added Tax (VAT) on fuel products is necessary to help consumers cope with the undue economic burden during this period of conflict,” dagdag niya.

Napansin ni Tiangco kung paano miyembro ang Iran ng Organization of the Petroleum Exporting Countries (OPEC) at ang labanan aniya ay nagdudulot ng banta sa pandaigdigang supply ng langis at katatagan ng merkado.

“While the government has already allocated fuel subsidies for public utility vehicle drivers and operators, as well as assistance for farmers and fisherfolk, it may not be enough. It is imperative for the national government to safeguard the welfare of the Filipino people by mitigating the economic impact of volatile fuel prices,” giit niya. (Richard Mesa)