^
+ Follow EXPANDED VALUE ADDED TAX ACT Tag
EXPANDED VALUE ADDED TAX ACT
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 603759
                    [Title] => DOF to plug tax leaks before new revenue measures are imposed
                    [Summary] => 

The Aquino administration will make sure tax leakages are plugged before new revenue measures are imposed.

[DatePublished] => 2010-08-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [1] => Array ( [ArticleID] => 500764 [Title] => Government loses P125 billion in potential tax revenues in January-July [Summary] =>

The government lost P125 billion in potential tax revenues from January to July this year as a result of an economic slowdown and the implementation of several tax relief measures, a ranking finance official said.

[DatePublished] => 2009-09-01 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 484277 [Title] => Removal of documentary stamp tax to boost stock transactions [Summary] =>

Finance officials said the removal of the documentary stamp tax (DST) on stock sales should boost stock transactions enough to make up for over P1.4 billion in foregone revenues.

[DatePublished] => 2009-07-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 440333 [Title] => Government to forego P20 billion in revenues due to tax exemptions [Summary] =>

MANILA, Philippines - The government expects to forego an estimated P20 billion in potential revenues this year because of the full-year implementation of the law that increased the personal exemptions of taxpayers and exempted the withholding tax on minimum wage earners.

[DatePublished] => 2009-02-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 440337 [Title] => Customs' VAT collection up 30% in 2008 [Summary] =>

MANILA, Philippines - The Bureau of Customs’ incremental value added tax collections in 2008 went up by more than 30 percent because of higher oil prices in the world market in the early part of last year.

[DatePublished] => 2009-02-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 52896 [Title] => Corporate income tax cut to mean big revenue loss [Summary] =>

The reduction in corporate income tax from 35 percent to 30 percent next year will mean a revenue loss of P15 billion for the government, Finance Secretary Margarito Teves...

[DatePublished] => 2008-03-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 50261 [Title] => Lawmakers nix plan to defer corporate income tax rollback [Summary] => [DatePublished] => 2008-03-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 46065 [Title] => BIR misses VAT collection target for 2007 [Summary] => [DatePublished] => 2008-02-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 34762 [Title] => BIR’s VAT collections up 4% to P121B in 10 mos [Summary] => [DatePublished] => 2007-12-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 34049 [Title] => BIR’s corporate income tax collection hits P185B in October [Summary] => [DatePublished] => 2007-12-18 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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