Watch: Lawmaker eyes imposing additional taxes on excessive purchases of gadgets

A lawmaker is eyeing to impose additional taxes on excessive purchases of electronic gadgets. In an article written by John Ted Cordero of GMA News Online, it was disclosed that PBA Party-list Representative Mark Aeron Sambar will propose a bill that imposes additional taxes on excessive purchases of electronic gadgets in a bid to prevent people from spending too much on those things and to generate income for the government. “We need cellphones but we don’t need five or six cellphones or 10 cellphones.

That’s the aim of this bill, it’s just to prevent people from buying too much on a certain product and at the same time generating income for the government,” Sambar stated. The lawmaker, who wants to impose a five-percent tax, targets to allocate a part of the proceeds for Electronic Waste Disposal and Management Program for old gadgets. At present, the framework for the measure is still in the works in order to identify and provide clarity on what electronic gadgets are needed to be taxed in case of excessive buying, what gadgets are exempted, and how to monitor the buying behavior of a consumer. According to Sambar, on the other hand, the tax identification number could be presented to a cashier for monitoring of the number of gadgets purchased. This will be reflected in the records of a taxpayer.
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