Recto seeks tax relief for health, business as COVID-19 crisis rages

  • 📰 ANCALERTS
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 50%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Recto seeks tax relief for health, business as COVID19 crisis rages

MANILA - Senate President Pro Tempore Ralph Recto said Friday he was seeking tax exemptions for frontliners and "critically-impacted" businesses to help them recover from the COVID-19 pandemic.

Travel, tourism and trade that were hurt by the pandemic should not be required to pay taxes until 2022, according to the bill. Senate President Pro Tempore Ralph Recto files the Stimulus Package, Aid and Response to Coronavirus Act that seeks to exempt hospitals, health workers, MSMEs from paying personal & corporate income taxes for about a year to help them cope with #COVID19 crisis pic.twitter.com/ZljgJMIcNQThe bill also proposes the temporary removal of taxes and other fees on coronavirus-related donations, and on the sale and importation of drugs, equipment, and other supplies for COVID-19.

Interest-free loans shall be offered to agri-fishery, tourism, export and import industries, and other non-essential businesses that were affected by the Luzon lockdown, he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 26. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

♥️♥️♥️ Medical Mask - 4 Layers TD - 2020 ♥️♥️♥️ 🌟🌟🌟🌟🌟 4.8/5 Restock available now 🇺🇸🇺🇸🇺🇸 Get now: ⏭️ Shop_Mask_USA ⏮️ 60% OFF | 2 business days shipping 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸 _CnlcQ73Ea_

Wait. Diba malaki ang singil ng mga hospital sa mga COVID-19 patients?

Canada Canada Latest News, Canada Canada Headlines