WATCH: Philippine Institute for Development Studies Senior Research Fellow John Paolo Rivera explains that if poorly timed, abolishing VAT could be inflationary. Particularly, he said that this will undermine the BSP’s easing cycle and tend to be destructive, affecting inflation expectations and even investor sentiment. Watch the video for more details. | Department of Finance

WATCH: What will happen if we abolish VAT? Philippine Institute for Development Studies Senior Research Fellow John Paolo Rivera discusses the risks of abolishing VAT in the country. In an interview, he explained that VAT remains to be one of the most efficient and broad based sources of our revenue. Thus, abolishing it without credible and sufficient replacement could destabilize our fiscal policy and reduce our fiscal space. Among others, this will particularly affect our public education, hea