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                    [ArticleID] => 224029
                    [Title] => BIR asked to exclude raw cane sugar from 10% VAT
                    [Summary] => The Senate committee on ways and means is pressing the Bureau of Internal Revenue to exclude  raw cane sugar from the payment of  the 10-percent  value-added tax (VAT). 


In a recent hearing,  Sen. Ralph Recto, chairman of the ways and means committee,  said  the Tax Reform Act of 1997 already exempted raw cane sugar in the payment of  VAT, but the BIR continued to impose the tax when it issued Regulation 29-2002. 


Instead of subjecting raw cane sugar and other sugar products to the VAT, Recto urged the BIR to intensify its efforts to collect VAT on refined sugar. 


                    [DatePublished] => 2003-10-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
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FINANCE UNDERSECRETARY GRACE PULIDO TAN

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                    [ArticleID] => 224029
                    [Title] => BIR asked to exclude raw cane sugar from 10% VAT
                    [Summary] => The Senate committee on ways and means is pressing the Bureau of Internal Revenue to exclude  raw cane sugar from the payment of  the 10-percent  value-added tax (VAT). 


In a recent hearing,  Sen. Ralph Recto, chairman of the ways and means committee,  said  the Tax Reform Act of 1997 already exempted raw cane sugar in the payment of  VAT, but the BIR continued to impose the tax when it issued Regulation 29-2002. 


Instead of subjecting raw cane sugar and other sugar products to the VAT, Recto urged the BIR to intensify its efforts to collect VAT on refined sugar. 


                    [DatePublished] => 2003-10-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

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BIR asked to exclude raw cane sugar from 10% VAT

By Rocel Felix | October 13, 2003 - 12:00am

The Senate committee on ways and means is pressing the Bureau of Internal Revenue to exclude raw cane sugar from the payment of the 10-percent value-added tax (VAT). In a recent hearing, Sen. Ralph Recto, chairman...

Business