What is the price coverage on the NON-VATABLE units? Is it 2.499M or 2M below?
As per latest CREATE law passed last March 2021, the VAT ceiling was one of the provisions vetoed by the President. Since the President can only veto law and not passed law, fresh legislation is needed to increase the current threshold. The current threshold as per last TRAIN LAW went down to Php 2M beginning January 2021.
