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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 194855 [Title] => Magsaysay wants BIR probed for AUV tax ruling [Summary] => A resolution has been filed in the Senate seeking an investigation, in aid of legislation, on the recent issuance by the Bureau of Internal Revenue (BIR) of a revenue regulation that would effectively raise the taxes on Asian utility vehicles (AUVs).
Sen. Ramon B. Magsaysay Jr. filed Senate resolution No. 538 last Friday urging the Senate committee on ways and Means and other appropriate committees to conduct an inquiry, "on the exercise of function of the BIR in reclassifying various tax subjects as part of the implementation of the Tax Reform Code of 1997."
[DatePublished] => 2003-02-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
TAX REFORM CODE
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 194855 [Title] => Magsaysay wants BIR probed for AUV tax ruling [Summary] => A resolution has been filed in the Senate seeking an investigation, in aid of legislation, on the recent issuance by the Bureau of Internal Revenue (BIR) of a revenue regulation that would effectively raise the taxes on Asian utility vehicles (AUVs).
Sen. Ramon B. Magsaysay Jr. filed Senate resolution No. 538 last Friday urging the Senate committee on ways and Means and other appropriate committees to conduct an inquiry, "on the exercise of function of the BIR in reclassifying various tax subjects as part of the implementation of the Tax Reform Code of 1997."
[DatePublished] => 2003-02-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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February 10, 2003 - 12:00am
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President Ferdinand Marcos Jr. on Monday signed a new law that streamlines tax incentives for businesses in the Philippines, including the taxation of companies in special economic zones.
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During the conference, Finance Secretary Ralph Recto emphasized the importance of a business environment that supports consistent progress.
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