Recto: Signing of IRR on PWD law “strongest indicator that Palace has abandoned tax plan to revoke PWD privileges”
Senate Minority Leader Ralph Recto has hailed today’s signing of the implementing rules and regulations (IRR) of Republic Act 10754 “as a good gift to this sector this season.”
Recto is the Senate principal author of the measure which grants tax breaks to persons with disabilities (PWDs) and their relatives who care for them.
Since the law’s enactment on March 23, 2016, Recto has been persistent in prodding the agencies tasked to draft its IRR to release it.
“Sabi nga nila sa Batangas, ‘Huli man daw at magaling, naihahabol din’. All’s well, that ends well,” he said.
The next step, he said, “is for the concerned agencies to conduct an information campaign so that both the beneficiaries and the discount-givers, like drugstores, will fully know what the law is all about so there will be no confusion or wrong interpretation of its provisions.”
Because the law grants a P25,000 income tax exemption to family members who care for a PWD, the Bureau of Internal Revenue should disseminate information on how this can be availed of for taxable year 2016, Recto said.
“In effect, this law extends a helping hand to those who help PWDs,” he said.
Recto said the IRR’s signing should “quiet fears that tax discounts for PWDs will be scrapped under the Duterte administration’s tax reform program.”
“I think this IRR seals the fate of PWD discounts as a protected provision that will not be taken away. Because what is the use of granting this privilege today only to take it back tomorrow,” he said.
“This is so far the strongest indicator that the administration’s plan to revoke certain tax-free privileges of PWDs will no longer push through. It is a good omen,” he said.
RELATED ARTICLES:
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27 OCT 2016: Rules for added tax breaks for PWDs to be signed Dec. 1
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27 OCT 2016: DSWD, DOF reminded: Magpa-Pasko na, wala pa ring implementing rules ang PWD law?
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20 AUG 2016: Before pitching new taxes, Palace must first issue rules on new PWD, balikbayan box laws
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22 JUL 2016: Lack of IRR bogs down PWD law’s implementation
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06 MAY 2016: Recto: Discount para sa PWD inutil ‘pag walang IRR
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05 MAY 2016: Recto twits gov’t: Proc of new prexy might come ahead of rules for new PWD law
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06 APR 2016: Recto: Mabilis na paglabas ng IRR ng bagong PWD law, ipinangako ni Dinky
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06 APR 2016: Recto: Dinky vows fast release of PWD law’s IRR
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30 MAR 2016: Recto: P25,000 tax break for PWD caregivers
SENATE BILLS/AUTHORED LAWS:
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21 JUL 2016: Senate Bill No. 796: Mandatory Philhealth Coverage for All PWDs Act of 2016
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23 MAR 2016: Republic Act No. 10754: Additional Benefits for Persons With Disabilities (PWD)