MANILA - It's not just cars, fuel and sugary drinks that will get more expensive with tax reform; liposuction, breast augmentation, noselifts, and the like are also going to cost more.
Under the senate's version of the Tax Reform for Acceleration and Inclusion (TRAIN) which passed the committee level on Wednesday, "cosmetic procedures, surgeries and body enhancements undertaken for aesthetic reasons" are considered as non-essential goods and services and will be subject to a 20 percent tax.
Reconstructive surgery due to trauma, burns, infections, disease or congenital disorders however, will be exempt from the tax.
Senate Ways and Means Committee Chairman Sonny Angara presented the senate version of TRAIN on Wednesday, which had several key differences with the version passed by the House in May.
President Rodrigo Duterte has tagged the tax reform bill as an urgent measure which will enable to government to fund an ambitious infrastructure program worth P8 trillion.