Kaya wala pa ring VAT sa:

• Bigas, sariwang isda, gulay at karne
  
• Matrikula, libro, at diyaryo.
  
• Upa sa bahay na mas mababa sa P10,000 kada buwan
  
• Pagbili ng low-cost o socialized housing.
  
• Paninda ng mga negosyanteng mas mababa sa P1.5 milyon sa isa ng taon ang benta

Kabilang rin sa bagong batas na ito ay ang paglalaan ng bahagi ng koleksyon mula sa VAT para sa mga paaralan, kalye at patubig para sa magsasaka, at health insurance para sa kapos palad.

Kung magtutulungan tayong lahat, makaka-ahon rin tayo.

Based on Department of Agriculture figures, the impact of R-VAT on retail prices of basic agricultural food products that are VAT exempt shall be less 1%. The table below shows the impact of R-VAT on a per commodity basis

DTI to monitor prices of basic commodities to
guard against profiteers

The Department of Trade and Industry reemphasized that the VAT Reform Law will have no effect on prices of consumer goods that are currently subject to VAT. Furthermore, it has already put in place adequate price monitoring systems involving the active participation of among others, the private sector and labor groups, to monitor the movement in prices of basic and prime commodities.

Several industries have expressed confidence that the reformed VAT will have negligible effect on the prices of their products and services. In a radio interview over DZMM Francisco Buencamino, head of the Philippine Association of Meat Processors, a federation of food canning companies, said that - in addition to the zero effect of VAT on their products - lively competition among industry players will prevent from rising.

According to Acting DTI Secretary Peter B. Favila, the department will nonetheless implement a system that will guard against profiteering, including the establishment of a consumer hotline.

"Consumers may call 8977-DTI or 897-7384 to report abnormal or drastic increase in prices of goods attributed by unscrupulous traders to the implementation of the VAT Reform Law," Favila said.

The Department of Finance and the DTI have jointly assured the public, as well as traders, of continuing support and cooperation in the implementation, monitoring and assessment of the VAT implementing guidelines and their impact on the prices of commodities.

The DOF said that the Bureau of Internal Revenue (BIR) has now prepared revenue memorandum circulars to specific industries to guide their pricing for goods and services.

The DOF is exerting all efforts to mitigate the impact of VAT on consumer goods. Based on the revenue regulations and the implementing guidelines, the 70 percent gap on credits for input taxes for goods and services will be computed only in December. VAT-registered taxpayers can still credit the entire amount of their input tax against the output tax - pending its final reckoning toward the end of the year. This will soften to a great extent the impact of the new VAT law.