“I will certainly not veto it,” the President told reporters after her visit to the Qualfon Quality Contact Services here this afternoon.

The proposed law exempts senior citizens from the value added tax. It thus gives them the full 20-percent discount when purchasing medicines and other consumer services. Under the law currently in force they get to enjoy only an 8 percent discount because of the imposition of the 12 percent VAT.

Already ratified by both the House of Representatives and the Senate, the bill also entitles indigent or non-pensioner senior citizens to a monthly pension of P500; free medical insurance and disability assistance through PhilHealth, including free anti-flu and anti-pneumonia vaccines; and a P2,000 burial assistance.

The discount also applies in hotels, restaurants and similar establishments; cinemas, theaters and other places of culture, leisure and amusement; and funeral homes. (PIA- Pagadian City)

Last update: 08-02-2010 06:39