DTI: Tax reform law has minimal effect on costs of goods
By Nestor Corrales
INQUIRER.net
January 5, 2018 at 12:59 pm
Trade and Industry Secretary Ramon Lopez GRIG C. MONTEGRANDE/Philippine Daily Inquirer

Trade and Industry Secretary Ramon Lopez (File photo by GRIG C. MONTEGRANDE / Philippine Daily Inquirer)

Department of Trade and Industry (DTI) Secretary Ramon Lopez said on Friday that the Tax Reform for Acceleration and Inclusion (Train) law would have minimal effect on the prices of prime commodities.

“Pagdating sa presyo ng mga bilihin, yung pangkaraniwan, yung mga iba pa de lata, gatas, tinapay, mga ganyan, sinasabi namin walang malaking epekto sa presyuhan kasi nung  kino-compute po natin yan ay maliit lang po, very minimal ang epekto,” he said in an interview with Radyo Inquirer 990AM.

Lopez said some manufactures may not even adjust the suggested retail prices of their products even if prices of fuel products would increase.

“Yung porsyento naman ng pag increase ng presyo ng langis nasa seven to eight percent lamang, at usually minu-multiply pa ‘yan, at maliit lamang kasi ang portion ng paggamit ng fuel sa production cost ng mga produkto,” he said.

“So pag sinuma-total yan ang specific example natin ay yung presyo ng de lata sardinas ay P14. Dun sa mga ganung halaga ang epekto niyang fuel increase na yan ay singko sentimos lamang. So normally pag ganyan ‘di na ina-adjust ang SRP niyan,” he added.

At this point, the DTI chief allayed public’s fear amid alleged misinformation that prices of prime commodities would increase due to the Train law.

“Sa ating mga kababayan, huwag ho kayong mag-alala kasi malaking maitutulong nito lalo na sa karamihan , mga around 90 percent ng ating mga manggagawa ay nagsu-sweldo ng P21, 000 and below, so ito po malaking ganansiya dahil exempted na sa tax, so yung take home pay nila maiuuwi na nila lahat at yung dating tina-tax na around P6,000 to P7,000 maiuuwi na rin nila ngayon at ang mga presyo naman ng mga pangunahing bilihin ay wala ho tayong inaasahang pagtaas dahil base po sa computation ay hindi po talaga tataas, if ever singko sentimos lamang pero normally ho yun ‘di na ginagalaw ng mga tindahan at mga manufacturer,” Lopez said.

Lopez urged the public to inform the DTI through its hotline (751-3233) about manufacturers and stores taking advantage of increasing prices of goods due to the Train law.

“Basta ho may makita tayong mapagsamantala diyan, mayroon tayong DTI telepono, papupuntahan po natin yun at pag explain-in po natin sila dahil wala silang karapatang na mag-increase ng presyo, at ‘yung mga naririnig po natin, nanakot lang ho siguro ‘yun,” he said.                       /kga

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