Press Release

No more Bicam: Salceda says House to adopt VAT refund for tourists, says measure will boost tourist shopping by P17.6 bn annually

House Ways and Means Chair Joey Sarte Salceda (Albay, 2nd district) says that the House tax panel will recommend that the House adopt SB 2415 or the VAT refund on tourists, based largely on House Bill No. 7292, principally authored by Salceda. “We are very amenable to the Senate version, which doesn’t really deviate much […]

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PBBM’s steady hand keeps PH investment outlook strong amid global headwinds – Salceda

House Ways and Means Committee Chair Joey Sarte Salceda (Albay, 2nd district) credited President Marcos’s ‘steady hand in fiscal and economic policy” as “what keeps the country’s prospects strong despite a volatile global environment” as credit rating agency Moody’s affirmed the Philippines’ investment grade rating of Baa2 and outlook as “stable.” “The global environment is […]

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“Big win for manufacturing:” Bicam okays CREATE MORE; Senate adopts Salceda proposals on excise tax refunds, RBE local taxes, 20 percent tax rate on CREATE-era firms

House Ways and Means Chair Joey Sarte Salceda (Albay, 2nd district) thanked his Senate counterparts for the swift proceedings of the bicameral conference committee on the CREATE MORE Act. The Senate adopted Salceda’s proposals for making petroleum suppliers for all tax-exempt entities eligible for tax refunds, allowing local government units to set the RBE local […]

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Statement on the August 2024 inflation report

Rep. Joey Sarte Salceda Today’s inflation report was much needed breathing room. The inflation rate was largely driven by rice and corn prices, which were higher year-on-year, due to base effects. But if you look at month-on-month figures, rice and corn are actually cheaper now than they were last month. So, the trend is actually […]

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