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President Benigno Aquino III has signed into law a bill authored by Leyte Rep. Martin Romualdez granting persons with disabilities (PWDs) exemption from the 12-percent value-added tax (VAT) on certain goods and services.
The President signed Republic Act No. 10754 granting VAT exemption benefits to persons with disabilities last March 24, Presidential Communications Secretary Herminio Coloma Jr. said he had been informed on Tuesday.
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The Philippine Statistics Authority has estimated the PWD population in the country at 1.5 million.
Like senior citizens, PWDs are eligible for a 20-percent discount on medical and dental services; purchase of medicines in all drugstores; public railway, skyway and bus fares; admission fees charged by theaters, cinema houses, concert halls, circuses, carnivals and other places of culture, leisure and amusement; and all services in hotels and similar lodging establishments, restaurants and recreation centers.
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(Cf. Republic Act No. 7277, "Magna Carta for Persons with Disability", as amended by RA 9442 - which gave the PWDs the 20-percent discount).
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Apart from the tax perk, the PWD law will also allow PWD relatives up to the fourth civil degree of consanguinity or affinity taking care of the handicapped to claim a tax deduction of P25,000 in their annual income tax.
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Read more: http://newsinfo.inquirer.net/776859/aquino-signs-into-law-romualdezs-pwd-bill#ixzz44JX3bkU7