Senator Win Gatchalian called on the Bureau of Internal Revenue (BIR) to be more liberal in applying certain rules on fringe benefit tax for the duration of the enhanced community quarantine.
Senator Win Gatchalian has proposed that all banks, including quasi-banks, financing companies, lending companies, and other financial institutions, both public and private, including the Government Service Insurance System (GSIS), Social Security System (SSS) and Pag-IBIG Fund, to implement a minimum of 30-day grace period for loan payments within the period of the enhanced community quarantine.
Senator Win Gatchalian said the government has failed to mention how it intends to help drivers of public utility vehicles (PUVs) who are reeling too from the imposed month-long enhanced community quarantine due to COVID-19. PUV drivers are left with no choice but to stop operating while all modes of public transportation have been suspended.
Displaced workers brought about by an enhanced community quarantine triggered by the COVID-19 pandemic deserve to be compensated now, according to Senator Win Gatchalian. He says these workers, both from the formal and informal sector, need not so much time to wait as many of them have to feed their families and provide for their immediate basic needs on a daily basis.
Senator Win Gatchalian has filed a resolution urging economic managers to make an immediate assessment of COVID-19’s impact on the country’s economy.
Senator Win Gatchalian expresses opposition to the proposed repeal of the 2% special tax rate for microfinance non-government organizations under the Passive Income and Financial Intermediary Taxation Act (PIFITA), the fourth tranche of the Department of Finance’s (DoF) comprehensive tax reform program.
To protect ordinary Filipino borrowers from harassment and unethical practices perpetuated by predatory lenders, Senator Win Gatchalian moved to regulate the debt collecting practices of financing and lending companies.
Senator Win Gatchalian called on Filipinos to help support our local tourism industry as he expects the temporary travel ban on mainland China, Hong Kong and Macau to hurt the tourism sector. He said avoiding out of the country travels can also contain the spread of the virus which experts say looks increasingly like a pandemic.
To help them rebuild their lives amid the calamity, Senator Win Gatchalian is calling for the imposition of a one-year moratorium on loan amortizations for residents affected by the Taal Volcano eruption.