Manila Bulletin
Gov't urged to reduce taxes on imported PPEs
Lawyer Larry Gadon urged the government to temporarily suspend taxes and customs duties on imported personal protective equipment (PPEs) to address the shortage faced by frontliners during the COVID-19 health emergency.
Gadon emphasized that the potential loss of less than P150 million in customs taxes is negligible compared to the lives that could be saved.
He also criticized the Bureau of Customs for alleged red tape in processing imported PPEs, stating they are to blame for the current scarcity.
Furthermore, Gadon highlighted that importers and sellers are hesitant to sell PPEs openly due to fears of raids and accusations of hoarding.
He proposed allowing importers and sellers to set their own prices, believing that increased supply will naturally lead to competitive pricing.
Gadon pointed out that the Philippines is competing with the rest of the world for limited supplies of face masks and PPEs.
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News Sources
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The Bureau of Customs (BOC) has implemented guidelines for tax and duty-exempt importations of personal protective equipment (PPE) and medical emergency supplies to support the nation's fight against COVID-19.
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The Philippine government has waived donor's tax on imported personal protective equipment (PPE) and medical supplies essential for the COVID-19 response.
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