A provision for Tax Reform for Acceleration and Inclusion or TRAIN has been raised the senate after some senators noticed the cosmetic surgery trend in the Philippines, which is exempted on tax.
Once TRAIN has been approved, an excise tax of 10% will be imposed on cosmetic surgery, wherein according to Senator Sonny Angara, chairman of senate committee on ways and means and Department of Finance (DOF), an estimated P10 billion may be deducted from the Belo Medical Group Company, owned by Dra. Vicki Belo-Koh, and other beuty doctors’ income.
Proof of this was the grandiose wedding worth P80 million of Dra. Vicki and Dr. Hayden Koh in Paris, France, and was attended by prominent personalities of the country.
Angara admits that there are possible things to happen before it will be ratified by the Congress and President Rodrigo Duterte because it needs to pass the bicameral conference committee.
“Ayoko namang sabihing mahihirapan but definitely, may kaunting give and take diyan…Read More Here>>