LOOPHOLE

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 194092
                    [Title] => Toyota urges BOI to plug AUV tax ‘loophole’
                    [Summary] => Toyota Motor Philippines Corp. (TMPC) is urging the Board of Investments (BOI) to plug the tax loophole created by allowing sports utility vehicles (SUVs) to enjoy a  tax-exempt status similar to the one  granted to Asian utility vehicles (AUVs).


In a position paper submitted to the BOI, TMPC president Nobuharu Tabata said "the biggest problem with the current tax system is the loophole created by allowing SUVs to enjoy the tax-exempt status granted to AUVs."


                    [DatePublished] => 2003-02-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097285
                    [AuthorName] =>  Marianne  V.  Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 144923
                    [Title] => BOI seeks ‘creative solution’ to SUV excise tax issue
                    [Summary] => The Board of Investments (BOI) hopes to plug the loophole on the payment of excise taxes under the 10-seater capacity exemption early next year.


Whatever the decision, the BOI said it will make sure that Asian utility vehicles (AUVs) will continue to remain exempt from the payment of excise taxes. 


Trade and Industry Secretary Manuel Roxas II said the BOI has to find a "creative" solution since the legislative process could take some time.


                    [DatePublished] => 2001-12-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097285
                    [AuthorName] =>  Marianne  V.  Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Toyota urges BOI to plug AUV tax ‘loophole’

By Marianne V. Go | February 4, 2003 - 12:00am

Toyota Motor Philippines Corp. (TMPC) is urging the Board of Investments (BOI) to plug the tax loophole created by allowing sports utility vehicles (SUVs) to enjoy a tax-exempt status similar to the one granted...

Business

BOI seeks ‘creative solution’ to SUV excise tax issue

By Marianne V. Go | December 26, 2001 - 12:00am

The Board of Investments (BOI) hopes to plug the loophole on the payment of excise taxes under the 10-seater capacity exemption early next year. Whatever the decision, the BOI said it will make sure that Asian utility...

Business