Implementing the IRR of Expanded Senior Citizens Act

A few days ago the Implementing Rules and Regulations of the Expanded Senior Citizens Act of 2010 or RA 9994 has been approved. Among other things, the new guidelines shall entitle senior citizens the twenty percent (20%) and exemption from the value-added tax (VAT) on the sale of the goods and services covered by Article 7, Sections 1 to 6 of the said act.

The new development is really a cause for celebration among the senior citizens but the question now is how is it going to be fully implemented. Already, a lot of establishments are complaining about the loss of profit from the said discounts and already, some prescribed medicines, specifically, chemotherapy drugs were excluded from the senior citizen’s discounts.