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                    [ArticleID] => 101518
                    [Title] => DOF to refine tax proposal
                    [Summary] => 

The Department of Finance (DOF) is studying the possibility of further refining
the proposed financial institutions tax (FIT) that would replace existing taxes
slapped on banks' transactions.

FIT is expected to replace the gross receipts tax (GRT) and the documentary
stamp tax (DST) to simplify the taxation system in the banking industry using
the net income levels.

"We will re-examine the FIT. There may be further refinements.
                    [DatePublished] => 2000-02-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

DEFERMENT

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    [results] => Array
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                    [ArticleID] => 101518
                    [Title] => DOF to refine tax proposal
                    [Summary] => 

The Department of Finance (DOF) is studying the possibility of further refining
the proposed financial institutions tax (FIT) that would replace existing taxes
slapped on banks' transactions.

FIT is expected to replace the gross receipts tax (GRT) and the documentary
stamp tax (DST) to simplify the taxation system in the banking industry using
the net income levels.

"We will re-examine the FIT. There may be further refinements.
                    [DatePublished] => 2000-02-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

DOF to refine tax proposal

By Donnabelle L. Gatdula | February 1, 2000 - 12:00am

The Department of Finance (DOF) is studying the possibility of further refining the proposed financial institutions tax (FIT) that would replace existing taxes slapped on banks' transactions. FIT is expected...

Business