By ANNA FELICIA BAJO, GMA News
Published March 1, 2021 11:44am
Updated March 1, 2021 1:33pm House Speaker Lord Allan Velasco on Monday said discussions on the proposal to amend the restrictive economic provisions of the 1987 Constitution would not be rushed. In an ambush interview, Velasco said the lower chamber of Congress could be finished with economic Charter change before May ends. He noted that both chambers of Congress have at least a year to discuss the proposed economic amendments. Nag-usap na po kami ni (Senate President Vicente) SP Sotto pero right now, we’re not really discussing it yet because we still have a year to be able to tackle the whole charter amendments. So to be honest, hindi naman really siya rushed ba, Velasco explained.
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(Daniel Schludi / UNSPLASH / MANILA BULLETIN)
House Bill No. 8648 or the proposed “Emergency Vaccine Procurement Act of 2021” filed by House Speaker Lord Allan Velasco, Majority Leader Martin Romualdez and Minority Leader Joseph Stephen Paduano primarily seeks to amend certain provisions under Republic Act No. 9184 or the “Government Procurement Reform Act.”
Under the measure, the LGUs’ procurement, importation, storage, transport, distribution and administration of COVID-19 vaccines shall be exempted from customs duties, value added tax (VAT), excise tax and other fees, provided that the vaccines purchased would only be distributed to residents and constituents not for commercial distribution.
The bill was originally approved by the House Committee on Appropriations but was later referred to the ways and means panel for the approval of the tax provision.
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