Tito Sotto seeks to abolish taxes on books and other publications

Tito Sotto seeks to abolish taxes on books and other publications

- In TRABAHO Bill, even tax incentives and VAT exemptions on books will be removed

- Many writers, publication companies and even senators opposed this bill

- Therefore, Senate President Tito Sotto will remove the taxes on books and other publications

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Senate President Vicente “Tito” Sotto III is determined to abolish taxes on books and other publications that are included in the proposed Tax Reform for Attracting Better and High-Quality Opportunities (TRABAHO) law or TRAIN 2.

KAMI has learned that many writers and publication companies appealed to the TRABAHO law for it removed the tax incentives and value-added tax (VAT) exemptions for those in the book

publishing industry.

The Senate President was the one who filed the Senate Bill No. 1906, seeking to lower corporate income tax. However, it would remove incentives to investors and business sectors. Including those mentioned in Book Publishing Industry Development Act (RA 8047 Sec. 21) that grants tax and incentives for publishing companies.

Tito Sotto, seeks to abolish taxes on books and other publications

Photo from Manila Bulletin

“Yes. I’ll remove it,” said by Sotto through a text message as reported by Manila Bulletin.

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Even Senate Majority Leader Juan Miguel said that he will oppose the proposed tax reform because, “The internet cannot replace the value of reading and the literacy skills that accompany it. Books should remain tax-free, period.”

In addition, chairman of Senate Committee on Ways and Means, Senator Sonny Angara also opposed the TRAIN 2. He said, “Talagang hindi tayo papayag d’yan, dahil ginawa nga nating libre ang edukasyon.”

He stressed that the government wants education to be accessible to everyone despite the prevalence of poverty in the country.

In a previous post by KAMI, Sotto also proposed to change the last line in the Philippine National Anthem, Lupang Hinirang. He insisted that the last line of the anthem shows a “defeatist” side which is not right because we should all fight for the country.

POPULAR: Read more news about Tito Sotto here!

Sa ngayon ay hihilingin namin ang mga estranghero sa Pilipinas ng ilang mga nakakatawa na mga tanong na nakakalito sa Tagalog! Ang mga tanong na ito ay maaaring madaling tunog, ngunit sa katotohanan, ang mga ito ay medyo nakakalito at madaling gumawa ng isang pagkakamali! – on KAMI HumanMeter Youtube Channel!

Source: Kami.com.ph

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