Senate Majority Leader Juan Miguel Zubiri on Monday vowed to oppose any proposal that would result in the imposition of tax on books and other reading and learning materials. “I will oppose the provisions on the Train 2 bill that will tax books and other reading and learning materials,” Zubiri said in a statement. ADVERTISEMENTHe was referring to the administration’s proposed second tax reform package, previously called Train 2 but is now known as Tax Reform for Attracting Better and High-quality Opportunities or “Trabaho.”“The tax exemption on these items should remain as books are an integral part of education and learning,” the Majority Leader said. The said provision exempts books, magazines, periodicals, newspapers, including book publishing, printing, distribution and circulation, from the expanded value added tax. /jeREAD: TRAIN 2 to tax books?

Source: Philippine Daily Inquirer September 24, 2018 03:53 UTC