^
+ Follow RVAT Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 586135
                    [Title] => Government hikes projected RVAT collection
                    [Summary] => 

The government has raised its projected collections from the reformed value added tax (RVAT) law by roughly P1 billion on expectations of a stronger economy.

[DatePublished] => 2010-06-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 539332 [Title] => RVAT revenues seen to recover in 2010 [Summary] =>

The government expects revenues from the reformed value added tax (RVAT) to recover slightly in 2011 from an expected slump this year as imports are expected to fully recovery by then.

[DatePublished] => 2010-01-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 538245 [Title] => RVAT revenues reach P61.2 billion as of end-September [Summary] =>

Revenues from the reformed value added tax (RVAT) amounted to P61.18 billion as of end-September 2009, still far from the full-year goal of P75.98 billion, latest data from the Department of Finance (DOF) showed.

[DatePublished] => 2010-01-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 464216 [Title] => RVAT 2008 collection hits P121 billion [Summary] =>

MANILA, Philippines - Revenues from the controversial reformed value added tax (RVAT) exceeded the P100-billion mark to hit P121.138 billion in 2008, latest data from the Department of Finance (DOF) showed.

[DatePublished] => 2009-05-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 41511 [Title] => Heavy taxes drain energy [Summary] => [DatePublished] => 2008-01-30 00:00:00 [ColumnID] => 136417 [Focus] => 0 [AuthorID] => 1097308 [AuthorName] => Marichu A. Villanueva1 [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [5] => Array ( [ArticleID] => 382808 [Title] => RVAT generates P76.9B in net revenues for 2006 [Summary] => The Department of Finance (DOF) reported yesterday that its implementation of the value-added tax reforms (RVAT) had been largely successful in 2006, outperforming the target collection by P1.1 billion.

The DOF said yesterday that the RVAT generated P76.9 billion in net revenues in 2006, exceeding the target of P75.8 billion by P1.1 billion.

According to Finance Undersecretary Gil Beltran, the Bureau of Internal Revenue (BIR) collected a total of P21.6 billion, putting the bureau ahead of its RVAT collection target by P1.2 billion.
[DatePublished] => 2007-02-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 334039 [Title] => Bad idea [Summary] => I am relieved that our finance officials have struck down that stray proposal to suspend the RVAT on oil and gasoline products.

Until it was made clear that the RVAT on oil would not be suspended, the peso slackened and the equities market became anemic. There emerged renewed concern over our capacity to maintain a disciplined fiscal regime.

The proposal to suspend RVAT on oil products is a classic case of pursuing short-term (political) benefit at the cost of long-term (economic) damage.
[DatePublished] => 2006-04-29 00:00:00 [ColumnID] => 134157 [Focus] => 0 [AuthorID] => 1804783 [AuthorName] => Alex Magno [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [7] => Array ( [ArticleID] => 319755 [Title] => Burden sharing [Summary] => It is rather sickening to see and listen to protest rallies by left-leaning groups denouncing the government’s implementation of Republic Act (RA) 9337, or the Reform the Value Added Tax (RVAT) Law, when many of these rallyists don't even pay income taxes. I’m sure.

The sadder fact is we, the real taxpayers, are the ones bearing the full burden and brunt of these taxes, especially because of the automatic deductions of withholding of income taxes from our monthly paychecks.
[DatePublished] => 2006-02-03 00:00:00 [ColumnID] => 136417 [Focus] => 0 [AuthorID] => 1804833 [AuthorName] => Marichu A. Villanueva [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [8] => Array ( [ArticleID] => 319864 [Title] => Economist says: RVAT is good for the economy [Summary] => The recent implementation of 12 percent Reformed Value Added Tax (RVAT) may result to slower consumption demand, but this development injects positive economic movement in the country, as a whole. [DatePublished] => 2006-02-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1298072 [AuthorName] => Ehda Dagooc [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [9] => Array ( [ArticleID] => 311472 [Title] => Good/ bad [Summary] => At the rate the peso is going, it could become the world’s best performing currency by the close of the year. It is already the region’s best performing currency, having defied the dollar’s rise against most other currencies.

That might seem like good news for some. For others, it is a scourge.

The National Treasurer sounded quite pleased. For every P1 appreciation against the dollar, we actually save P5 billion is debt service annually.

The administration is definitely happy. In fact, ecstatic.
[DatePublished] => 2005-12-10 00:00:00 [ColumnID] => 134157 [Focus] => 0 [AuthorID] => 1804783 [AuthorName] => Alex Magno [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) ) )
RVAT
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 586135
                    [Title] => Government hikes projected RVAT collection
                    [Summary] => 

The government has raised its projected collections from the reformed value added tax (RVAT) law by roughly P1 billion on expectations of a stronger economy.

[DatePublished] => 2010-06-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 539332 [Title] => RVAT revenues seen to recover in 2010 [Summary] =>

The government expects revenues from the reformed value added tax (RVAT) to recover slightly in 2011 from an expected slump this year as imports are expected to fully recovery by then.

[DatePublished] => 2010-01-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 538245 [Title] => RVAT revenues reach P61.2 billion as of end-September [Summary] =>

Revenues from the reformed value added tax (RVAT) amounted to P61.18 billion as of end-September 2009, still far from the full-year goal of P75.98 billion, latest data from the Department of Finance (DOF) showed.

[DatePublished] => 2010-01-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 464216 [Title] => RVAT 2008 collection hits P121 billion [Summary] =>

MANILA, Philippines - Revenues from the controversial reformed value added tax (RVAT) exceeded the P100-billion mark to hit P121.138 billion in 2008, latest data from the Department of Finance (DOF) showed.

[DatePublished] => 2009-05-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 41511 [Title] => Heavy taxes drain energy [Summary] => [DatePublished] => 2008-01-30 00:00:00 [ColumnID] => 136417 [Focus] => 0 [AuthorID] => 1097308 [AuthorName] => Marichu A. Villanueva1 [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [5] => Array ( [ArticleID] => 382808 [Title] => RVAT generates P76.9B in net revenues for 2006 [Summary] => The Department of Finance (DOF) reported yesterday that its implementation of the value-added tax reforms (RVAT) had been largely successful in 2006, outperforming the target collection by P1.1 billion.

The DOF said yesterday that the RVAT generated P76.9 billion in net revenues in 2006, exceeding the target of P75.8 billion by P1.1 billion.

According to Finance Undersecretary Gil Beltran, the Bureau of Internal Revenue (BIR) collected a total of P21.6 billion, putting the bureau ahead of its RVAT collection target by P1.2 billion.
[DatePublished] => 2007-02-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 334039 [Title] => Bad idea [Summary] => I am relieved that our finance officials have struck down that stray proposal to suspend the RVAT on oil and gasoline products.

Until it was made clear that the RVAT on oil would not be suspended, the peso slackened and the equities market became anemic. There emerged renewed concern over our capacity to maintain a disciplined fiscal regime.

The proposal to suspend RVAT on oil products is a classic case of pursuing short-term (political) benefit at the cost of long-term (economic) damage.
[DatePublished] => 2006-04-29 00:00:00 [ColumnID] => 134157 [Focus] => 0 [AuthorID] => 1804783 [AuthorName] => Alex Magno [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [7] => Array ( [ArticleID] => 319755 [Title] => Burden sharing [Summary] => It is rather sickening to see and listen to protest rallies by left-leaning groups denouncing the government’s implementation of Republic Act (RA) 9337, or the Reform the Value Added Tax (RVAT) Law, when many of these rallyists don't even pay income taxes. I’m sure.

The sadder fact is we, the real taxpayers, are the ones bearing the full burden and brunt of these taxes, especially because of the automatic deductions of withholding of income taxes from our monthly paychecks.
[DatePublished] => 2006-02-03 00:00:00 [ColumnID] => 136417 [Focus] => 0 [AuthorID] => 1804833 [AuthorName] => Marichu A. Villanueva [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [8] => Array ( [ArticleID] => 319864 [Title] => Economist says: RVAT is good for the economy [Summary] => The recent implementation of 12 percent Reformed Value Added Tax (RVAT) may result to slower consumption demand, but this development injects positive economic movement in the country, as a whole. [DatePublished] => 2006-02-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1298072 [AuthorName] => Ehda Dagooc [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [9] => Array ( [ArticleID] => 311472 [Title] => Good/ bad [Summary] => At the rate the peso is going, it could become the world’s best performing currency by the close of the year. It is already the region’s best performing currency, having defied the dollar’s rise against most other currencies.

That might seem like good news for some. For others, it is a scourge.

The National Treasurer sounded quite pleased. For every P1 appreciation against the dollar, we actually save P5 billion is debt service annually.

The administration is definitely happy. In fact, ecstatic.
[DatePublished] => 2005-12-10 00:00:00 [ColumnID] => 134157 [Focus] => 0 [AuthorID] => 1804783 [AuthorName] => Alex Magno [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) ) )
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