|
|
Article: PHILIPPINE BUREAU OF INTERNAL REVENUE TO MONITOR EVAT COLLECTION.
- Article from:
- AsiaPulse News
- Article date:
- February 21, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
ZAMBOANGA CITY, Feb 21 Asia Pulse - The Bureau of Internal Revenue (BIR) will monitor the implementation of the Reformed Value-Added Tax (RVAT) Law.
RVAT refers to tax collections that will now be mandated by firms or sectors that were previously exempted from the expanded value-added tax or EVAT.
The EVAT rate was raised to 12 per cent starting this ...