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Senate Committee on Ways and Means holds hearing on proliferation of fake PWD IDs
PTVPhilippines
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12/5/2024
Senate Committee on Ways and Means holds hearing on proliferation of fake PWD IDs
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Transcript
Display full video transcript
00:00
The government is losing a substantial amount of money due to the fake persons with disability identification cards.
00:06
This was revealed during the Senate Committee on Ways and Means hearing.
00:10
According to Senator Sherwin Gatchalian, the government is losing 88 billion pesos with fake PWD IDs,
00:17
causing significant damage to the economy.
00:20
Meanwhile, some local governments have also raised complaints about this issue,
00:23
which they found to be occurring in certain establishments.
00:28
We need to stop these fake PWD IDs.
00:32
And the only way is to have that registry up and running.
00:35
Definitely, there is a revenue forgone because you provide discounts,
00:39
20% discount that is actually deductible to your corporate income tax, and also some VAT exemptions.
00:47
If there are many fake IDs, it can also translate to higher prices for the general consumers.
00:54
Because, one, these businesses are here to make profit.
01:00
And if the system is abused with these discounts,
01:03
then the only way to recoup those losses is by putting a higher price.
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