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Friday, January 13, 2017

Too Much Gadget?You Will Pay a Penalty! Bill Proposal Filed by a Congressman




Following the controversial measure seeking to impose taxes on beauty products, a Congressman is planning to push for a bill imposing additional taxes on excessive purchases of electronic gadgets as well as appliances.

"We need cellphones but we don't need five or six cellphones or 10 cellphones. That's the aim of this bill, it's just to prevent people from buying too much on a certain product and at the same time generating income for the government," the Congressman said.


The framework for the proposed tax imposition is still on the works. They are still finalizing issues like what electronic gadgets are needed to be taxed in case of excessive buying, what gadgets are exempted, and how to monitor the buying behavior of a consumer.

According to the Congressman, the tax identification number could be presented to a cashier for monitoring of the number of gadgets purchased and this will appear in the tax records of the person.



The customer could show receipts to the Bureau of Internal Revenue to avail of a tax rebate if the number of items bought did not exceed the limit stated in the bill

Sambar wants to impose a 5% tax, wherein part of the proceeds collected will be allocated for Electronic Waste Disposal and Management Program for old gadgets.




The proposed bill gains negative reactions among the Filipinos.
Following the controversial measure seeking to impose taxes on beauty products, a Congressman is planning to push for a bill imposing additional taxes on excessive purchases of electronic gadgets as well as appliances. "We need cellphones but we don't need five or six cellphones or 10 cellphones. That's the aim of this bill, it's just to prevent people from buying too much on a certain product and at the same time generating income for the government," the Congressman said. The framework for the proposed tax imposition is still on the works. They are still finalizing issues like what electronic gadgets are needed to be taxed in case of excessive buying, what gadgets are exempted, and how to monitor the buying behavior of a consumer. According to the Congressman, the tax identification number could be presented to a cashier for monitoring of the number of gadgets purchased and this will appear in the tax records of the person. The customer could show receipts to the Bureau of Internal Revenue to avail of a tax rebate if the number of items bought did not exceed the limit stated in the bill Sambar wants to impose a 5% tax, wherein part of the proceeds collected will be allocated for Electronic Waste Disposal and Management Program for old gadgets. The proposed bill gains different reactions among the citizen. The Department of Finance said it would look into the bill but it took note that there are already other forms of taxes such as value added tax and importation dues imposed on gadgets and appliances.

Following the controversial measure seeking to impose taxes on beauty products, a Congressman is planning to push for a bill imposing additional taxes on excessive purchases of electronic gadgets as well as appliances. "We need cellphones but we don't need five or six cellphones or 10 cellphones. That's the aim of this bill, it's just to prevent people from buying too much on a certain product and at the same time generating income for the government," the Congressman said. The framework for the proposed tax imposition is still on the works. They are still finalizing issues like what electronic gadgets are needed to be taxed in case of excessive buying, what gadgets are exempted, and how to monitor the buying behavior of a consumer. According to the Congressman, the tax identification number could be presented to a cashier for monitoring of the number of gadgets purchased and this will appear in the tax records of the person. The customer could show receipts to the Bureau of Internal Revenue to avail of a tax rebate if the number of items bought did not exceed the limit stated in the bill Sambar wants to impose a 5% tax, wherein part of the proceeds collected will be allocated for Electronic Waste Disposal and Management Program for old gadgets. The proposed bill gains different reactions among the citizen. The Department of Finance said it would look into the bill but it took note that there are already other forms of taxes such as value added tax and importation dues imposed on gadgets and appliances.

The Department of Finance said it would look into the bill but it took note that there are already other forms of taxes such as value added tax and importation dues imposed on gadgets and appliances.


Following the controversial measure seeking to impose taxes on beauty products, a Congressman is planning to push for a bill imposing additional taxes on excessive purchases of electronic gadgets as well as appliances. "We need cellphones but we don't need five or six cellphones or 10 cellphones. That's the aim of this bill, it's just to prevent people from buying too much on a certain product and at the same time generating income for the government," the Congressman said. The framework for the proposed tax imposition is still on the works. They are still finalizing issues like what electronic gadgets are needed to be taxed in case of excessive buying, what gadgets are exempted, and how to monitor the buying behavior of a consumer. According to the Congressman, the tax identification number could be presented to a cashier for monitoring of the number of gadgets purchased and this will appear in the tax records of the person. The customer could show receipts to the Bureau of Internal Revenue to avail of a tax rebate if the number of items bought did not exceed the limit stated in the bill Sambar wants to impose a 5% tax, wherein part of the proceeds collected will be allocated for Electronic Waste Disposal and Management Program for old gadgets. The proposed bill gains different reactions among the citizen. The Department of Finance said it would look into the bill but it took note that there are already other forms of taxes such as value added tax and importation dues imposed on gadgets and appliances.