We just heard somebody wants to impose taxes on beauty products. Now, a Congressman is seeking to pass a bill imposing additional taxes for having too many gadgets as well as appliances.
PBA Party-list Rep. Mark Aeron Sambar said that nobody needs five or more phones, thus the purpose of his bill is to prevent consumers from buying devices excessively and generate income for the government.
The tax identification number could be used for monitoring according to Sambar. It’ll be used to keep track of the gadget purchases of a taxpayer. If the number of items bought did not exceed the limit, the customer could use the receipts to avail of a tax rebate.
A five-percent tax is planned and the collection will be allocated for Electronic Waste Disposal and Management Program for old gadgets. The bill is still in works and there’s still no certain list of products to be affected by this and what are exempted.
Just have higher taxes on more than 1 car. 1 is enough for necessity, 2 or more just to so you can avoid color coding is excessive.