00:00Here is the PPV news for now.
00:06The Regional Tripartite Wages and Productivity Board has approved an increase in the salary of workers in Cagayan Valley.
00:14Since June 17, the daily minimum wage of non-agricultural workers in the region is already at Php 480.
00:22While Php 460 for those in the agricultural sector.
00:27There is also an increase in salary for households.
00:30The previous Php 5,500 per month salary will now be Php 6,000.
00:36More than 60,000 workers in the region are expected to benefit from this.
00:41Meanwhile, the increase in salary for SOC Surgeon and Central Luzon has also been approved.
00:46It should be noted that President Ferdinand R. Marquez Jr. was the first to order a review of the salaries of workers.
00:58The Bureau of Internal Revenue believes that foreign digital service providers will only add a small amount
01:05after the law on value-added tax passed.
01:10According to BIR Commissioner Romeo Lumagi Jr.,
01:14the subscribers should not be a burden to the public, especially to the providers.
01:21It is said that only companies that earn more than Php 3 million will receive value-added tax.
01:28BIR believes that the new law will result in fair competition between foreign and local online businesses.
01:40It's a business decision by the service providers.
01:43But again, they should have paid from the very beginning.
01:50So they should have incorporated the concept of VAT from the very beginning during their pricing.
01:56So there could be a price increase.
01:59But again, I think it would be minimal.
02:02It won't be 12% automatically.
02:04Also, commensurate and same rate.
02:10That's the news for now.
02:12For more updates, follow and like us on our social media sites at PTVPH.
02:18I am Naomi Tiburcio for Pambansang TV in Bagong, Philippines.
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