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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 203786 [Title] => BIR eases VAT collection on financial deals [Summary] => Recognizing the difficulty of collecting the controversial 10-percent value-added tax on financial transactions and considering that there is pending petition for a court injunction, the Bureau of Internal Revenue (BIR) has somewhat relaxed the collection of the tax.
Per Revenue Memorandum Circular 19-2003 which was signed April 24 by Internal Revenue Commissioner Guillermo L. Parayno Jr., "any under-payment or over-payment resulting from said issues shall be paid for or credited to future VAT percentage tax payments or dues, without any penalty or surcharge."
[DatePublished] => 2003-04-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
EVANGELINE ESCOBILLIO
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 203786 [Title] => BIR eases VAT collection on financial deals [Summary] => Recognizing the difficulty of collecting the controversial 10-percent value-added tax on financial transactions and considering that there is pending petition for a court injunction, the Bureau of Internal Revenue (BIR) has somewhat relaxed the collection of the tax.
Per Revenue Memorandum Circular 19-2003 which was signed April 24 by Internal Revenue Commissioner Guillermo L. Parayno Jr., "any under-payment or over-payment resulting from said issues shall be paid for or credited to future VAT percentage tax payments or dues, without any penalty or surcharge."
[DatePublished] => 2003-04-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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By Ted P. Torres | April 26, 2003 - 12:00am
Recommended
A businessman, tagged as a suspect in the shooting of three people in Calapan City, including the assistant Land Transportation Office district chief, surrendered to the National Bureau of Investigation in Oriental Mindoro yesterday.
15 hours ago
Sen. Sherwin Gatchalian yesterday belied reports that he was involved in the illegal entry of a Cadillac Escalade at the Edsa bus lane on Sunday night.
1 day ago
A heated argument over a routine Land Transport Office checkpoint inspection led to the shooting of the LTO assistant district chief in Calapan, Oriental Mindoro and two businessmen, one of whom succumbed to a gunshot wound.
1 day ago
Describing himself as a law-abiding public servant, Sen. Sherwin Gatchalian broke his silence yesterday about the involvement of his family in the Cadillac vehicle with a Senate protocol plate that illegally entered the EDSA busway.
2 days ago
The luxury vehicle bearing the Senate protocol plate “7” that was flagged down along the EDSA bus lane is a vehicle registered with the Gatchalians, according to the Land Transportation Office.
3 days ago
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