RA 9994 – Benefits And Privileges Of Senior Citizen
Republic Act Comparison
| RA 7432 | RA 9257 | RA 9994 |
|---|---|---|
Exemption from ITR – Annual TaxabIe does not exceed P60k or such amount determined by NEDA . |
Exemption from ITR – Annual TaxabIe does not exceed the poverty level as determined by NEDA |
Exemption from Income Tax who are considered to be minimum wage earners under RA 9504. |
Min. of 20% discount on admission fees on theaters etc. |
20% discount on admission fees on theaters, cinema houses, concert halls, circuses, carnivals etc. |
Grant of a minimum of 5% discount on the monthly utilization of water and electricity supplied by public utilities |
20% discount on transportation services, hotels and similar lodging establishments, restaurant, recreation centers, and purchases of medicine anywhere in the country |
20% discount from all establishments on services of hotels and similar lodging establishments, purchase of medicines for the exclusive use and enjoyment of SC, and funeral and burial services 20% discount on medical dental services, PF of attending doctors and diagnostic and laboratory fees 20% discount in fare for domestic air and sea travel 20% discount in public railways, skyways and bus fare |
20% discount and exemption from VAT: 1. Purchase of medicines, influenza and pnuemococcal vaccines, and other essential medical supplies, accessories and equipments 2. PF of attending physicians 3. PF of licensed professional health providing home health care services 4. On medical/dental services, diagnostic and laboratory fees 5. In actual fare for land transportation travel in PUBs, PUJs, taxis,AUVs, shuttle services and public railways, including LRT, MRT, and PNR 6. Actual transportation fare for domestic air transport services and sea shipping vessels, based on the actual fare & advanced booking 7. On the utilization of services in hotels and similar lodging establishments, restaurants and recreation centers 8. On admission fees charged by theaters, cinema houses and concert halls, circuses, leisure and amusement; and 9. On funeral and burial services for the death of senior citizen |
PRIVILEGES For The SENIOR CITIZENS
The grant of twenty percent (20%) discount and exemption from the value added tax (VAT) on the sale of the following goods and services:
1. On The Purchase Of Medicines
2. On The Professional Fees Of Attending Physician/S
3. On the professional fees of licensed professional health providing home health care services
4. On medical and dental services, diagnostic and laboratory fees
5. In actual fare for land transportation travel
6. In actual transportation fare for domestic air transport services and sea shipping vessels and the like
7. On the utilization of services in hotels and similar lodging establishments, restaurants and recreation centers
8. On admission fees charged by theaters, cinema houses and concert halls, leisure and amusement
9. On funeral and burial services for the death of senior citizens
| Total Selling Price (inclusive of VAT) | ₱112.00 |
| Less: 12% VAT | ₱12.00 |
| Total Selling Price (net of VAT) | ₱100.00 |
| Less: 20% discount | ₱20.00 |
| Amount Payable by the Senior Citizen | ₱80.00 |
The grant of a minimum of five percent (5%) discount relative to the monthly utilization of water and electricity supplied by the public utilities
Tax Treatment of the Discount Granted to SC
The selling price to be charged by the seller must be net of VAT because SC is exempt from VAT
| Selling Price (10 pcs. Allopurinol @P5/pc) | ₱50.00 |
| Less 20% Discount | ₱10.00 |
| Amount Payable by the Senior Citizen | ₱40.00 |
Penalties and Sanctions
1st offense – Penalty of not less than P50K but not more than P100k and imprisonment of not less than 2 yrs and not more than 6 yrs.
Subsequent violation – Penalty of not less than P100K but not more than P200k and imprisonment of not less than 2 yrs and not more than 6 yrs.
Any person who abuses the privileges shall be punished with a fine of not less than P50K and not more than P100K and imprisonment of not less than 6 months
For alien or foreigner – may suffer deportation
If the offender is a corporation / organization, the official/s directly involved shall be liable.