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                    [ArticleID] => 1358662
                    [Title] => Palace approves 90% cut in Batangas port fees
                    [Summary] => 
Malacañang has approved the reduction of port charges and other vessel-handling related fees at the Batangas Container Terminal of Asian Terminals Inc. (ATI) to encourage more foreign shipping lines to call at the port.

                    [DatePublished] => 2014-08-18 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 244121
                    [Title] => GRT reimposed on financial deals
                    [Summary] => The Bureau of Internal Revenue (BIR) has issued two separate memorandum circulars re-imposing the gross receipts tax (GRT) on financial transactions, allowing banks and other financial institutions to refund the value added tax (VAT) they paid in January. 


The circulars were issued after the passage of Republic Act 9238 which restored the application of the GRT on financial transactions when the VAT proved to be too difficult to administer. 


                    [DatePublished] => 2004-03-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                    [ArticleID] => 190261
                    [Title] => Stockbrokers revert to payment of 10% VAT
                    [Summary] => Stockbrokers have reverted back to the payment of the 10-percent value-added tax (VAT) on their brokering services, replacing the seven-percent gross receipts tax (GRT) charged since April 2001.


In a memorandum to brokers, Philippine Stock Exchange general counsel Zayber Protacio said the shift took effect last Jan. 1, 2003, in line with the provision under Republic Act 9010.


                    [DatePublished] => 2003-01-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 96522
                    [Title] => PSE to require members to follow new tax system
                    [Summary] => Despite protests mainly from foreign brokers, the Philippine Stock Exchange will require its members to shift from paying a 10-percent value-added tax (VAT) on brokers’ commission to a seven-percent gross receipts tax (GRT).


In a memorandum to brokers, PSE president Ramon T. Garcia said after several conferences between brokers’ representatives and Bureau of Internal Revenue Commissioner Rene Banez, the PSE will issue the guidelines on the shift as mandated under RA 8761 and RA 9010.


                    [DatePublished] => 2001-03-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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GRT

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            [0] => Array
                (
                    [ArticleID] => 1358662
                    [Title] => Palace approves 90% cut in Batangas port fees
                    [Summary] => 
Malacañang has approved the reduction of port charges and other vessel-handling related fees at the Batangas Container Terminal of Asian Terminals Inc. (ATI) to encourage more foreign shipping lines to call at the port.

                    [DatePublished] => 2014-08-18 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 244121
                    [Title] => GRT reimposed on financial deals
                    [Summary] => The Bureau of Internal Revenue (BIR) has issued two separate memorandum circulars re-imposing the gross receipts tax (GRT) on financial transactions, allowing banks and other financial institutions to refund the value added tax (VAT) they paid in January. 


The circulars were issued after the passage of Republic Act 9238 which restored the application of the GRT on financial transactions when the VAT proved to be too difficult to administer. 


                    [DatePublished] => 2004-03-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 190261
                    [Title] => Stockbrokers revert to payment of 10% VAT
                    [Summary] => Stockbrokers have reverted back to the payment of the 10-percent value-added tax (VAT) on their brokering services, replacing the seven-percent gross receipts tax (GRT) charged since April 2001.


In a memorandum to brokers, Philippine Stock Exchange general counsel Zayber Protacio said the shift took effect last Jan. 1, 2003, in line with the provision under Republic Act 9010.


                    [DatePublished] => 2003-01-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 96522
                    [Title] => PSE to require members to follow new tax system
                    [Summary] => Despite protests mainly from foreign brokers, the Philippine Stock Exchange will require its members to shift from paying a 10-percent value-added tax (VAT) on brokers’ commission to a seven-percent gross receipts tax (GRT).


In a memorandum to brokers, PSE president Ramon T. Garcia said after several conferences between brokers’ representatives and Bureau of Internal Revenue Commissioner Rene Banez, the PSE will issue the guidelines on the shift as mandated under RA 8761 and RA 9010.


                    [DatePublished] => 2001-03-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Palace approves 90% cut in Batangas port fees

By Lawrence Agcaoili | August 18, 2014 - 12:00am

Malacañang has approved the reduction of port charges and other vessel-handling related fees at the Batangas Container Terminal of Asian Terminals Inc. (ATI) to encourage more foreign shipping lines to call...

Business

GRT reimposed on financial deals

By Des Ferriols | March 27, 2004 - 12:00am

The Bureau of Internal Revenue (BIR) has issued two separate memorandum circulars re-imposing the gross receipts tax (GRT) on financial transactions, allowing banks and other financial institutions to refund the...

Business

Stockbrokers revert to payment of 10% VAT

By Christina Mendez | January 4, 2003 - 12:00am

Stockbrokers have reverted back to the payment of the 10-percent value-added tax (VAT) on their brokering services, replacing the seven-percent gross receipts tax (GRT) charged since April 2001. In a memorandum...

Business

PSE to require members to follow new tax system

By Christina Mendez | March 25, 2001 - 12:00am

Despite protests mainly from foreign brokers, the Philippine Stock Exchange will require its members to shift from paying a 10-percent value-added tax (VAT) on brokers’ commission to a seven-percent gross receipts...

Business