Senate Committee on Ways and Means holds hearing on proliferation of fake PWD IDs

PTVPhilippines

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Transcript

00:00The government is losing a substantial amount of money due to the fake persons with disability identification cards.

00:06This was revealed during the Senate Committee on Ways and Means hearing.

00:10According to Senator Sherwin Gatchalian, the government is losing 88 billion pesos with fake PWD IDs,

00:17causing significant damage to the economy.

00:20Meanwhile, some local governments have also raised complaints about this issue,

00:23which they found to be occurring in certain establishments.

00:28We need to stop these fake PWD IDs.

00:32And the only way is to have that registry up and running.

00:35Definitely, there is a revenue forgone because you provide discounts,

00:3920% discount that is actually deductible to your corporate income tax, and also some VAT exemptions.

00:47If there are many fake IDs, it can also translate to higher prices for the general consumers.

00:54Because, one, these businesses are here to make profit.

01:00And if the system is abused with these discounts,

01:03then the only way to recoup those losses is by putting a higher price.

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Transcript

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