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                    [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
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                    [ArticleID] => 197297
                    [Title] => BIR warns tax evaders,  poises closure of firms
                    [Summary] => The Bureau of Internal Revenue (BIR) is set to terminate its tax amnesty program and impose instead stiff sanctions against delinquent taxpayers which would include "closure of business establishments."


Internal Revenue Commissioner Guillermo L. Parayno Jr. said the tax amnesty program, dubbed voluntary assessment and abatement program (VAAP) will "be removed."
                    [DatePublished] => 2003-03-02 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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INTERNAL REVENUE COMMISSIONER GUILLERMO L

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                    [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."


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                    [ColumnID] => 133272
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                    [AuthorName] =>  Ted P. Torres
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                    [ArticleID] => 197297
                    [Title] => BIR warns tax evaders,  poises closure of firms
                    [Summary] => The Bureau of Internal Revenue (BIR) is set to terminate its tax amnesty program and impose instead stiff sanctions against delinquent taxpayers which would include "closure of business establishments."


Internal Revenue Commissioner Guillermo L. Parayno Jr. said the tax amnesty program, dubbed voluntary assessment and abatement program (VAAP) will "be removed."
                    [DatePublished] => 2003-03-02 00:00:00
                    [ColumnID] => 133272
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abtest

BIR eases VAT collection on financial deals

By Ted P. Torres | April 26, 2003 - 12:00am

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...

Business

BIR warns tax evaders, poises closure of firms

By Ted P. Torres | March 2, 2003 - 12:00am

The Bureau of Internal Revenue (BIR) is set to terminate its tax amnesty program and impose instead stiff sanctions against delinquent taxpayers which would include "closure of business establishments." Internal...

Business