Articles > Newspapers > International Newspapers, Local Markets A-Lh > AsiaPulse News news wires > July 2001

Article: PHILIPPINES INTERNAL REVENUE TO IMPLEMENT GROSS TAXATION.

Article from:
AsiaPulse News
Article date:
July 25, 2001
Copyright

MANILA, July 25 Asia Pulse - The Philippines Bureau of Internal Revenue (BIR) has been mandated to increase its collection target for this year by shifting from net to gross taxation as a way to help the small and medium income earners cope with the rising costs of commodities.

This was revealed by BIR Commissioner Rene Banez after he told media that the BIR is just waiting for the green light from the Department of Finance (DOF) to implement the plan.

But, he admitted that the proposal will have to be approved first as part of the modification in the National Internal Revenue Code and the Tax Reform Act of 1997.

In fact, Banez had explained ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: New DoF chief wants kinks in taxpayers' data ...
Manila Bulletin;  February 28, 2005 ;     700+ words ... ... with the Bureau of Internal Revenue. The DoF chief said he would ... show of action, the DoF is set to file tax ... under the 1997 National Internal Revenue Code 254. The case ... Again, the new DoF chief stressed the ...

Article: DoF says Arroyo's fiscal plan is off to a good start.(Main ...
Manila Bulletin;  January 3, 2005 ;     700+ words ... ... generating agencies. The DoF said that a consolidated tax ... Congress. During the year, the DoF said that it has also implemented ... agencies --- the Bureau of Internal Revenue (BIR) and the Bureau of Customs ... preliminary investigation. The DoF said that the governments privatization ...

Article: DOF-RIPS CUTS NUMBER OF AGENTS
The Manila Times;  July 12, 2006 ;     484 words ... ... Integrity Protection Service (DOF-RIPS) has cut the number ... the other investigators." DOF-RIPS was created under Executive ... agencies such as the Bureau of Internal Revenue (BIR) and Bureau of Customs ... Investigation (NBI) arrested two DOF employees for extortion during ...

Article: DoF told to keep up fight on graft.(Main News)
Manila Bulletin;  May 3, 2000 ;     662 words ... ... the Department of Finance (DoF) to continue playing a major ... that while he is happy with the DoF's revenue collection efforts ... collections of the Bureaus of Internal Revenue (BIR), Customs (BOC ... officials and employes in the DOF and its attached agencies not ...

Article: PHILIPPINES' DOF TIGHTENS ISSUANCE OF TAX CREDIT TO ...
AsiaPulse News;  June 5, 2001 ;     505 words ... ... Duty and Drawback Center of the DOF in its report. Under the new ... going business operations. The DOF claimed that the amount of tax ... they filed with the Bureau of Internal Revenue (BIR). Likewise, it requires ... processing of tax credits, the DOF has vowed to conduct a post ...

Article: DoF tells BIR: Too early to cut collection ...
Manila Bulletin;  February 3, 2002 ;     573 words ...The Department of Finance (DOF) rejected, altogether, the request of the Bureau of Internal Revenue (BIR) to reduce by P5 billion ... According to a highlyplaced DOF official, the BIR's proposal ... junking the BIR request, the DOF official pointed out that market ...

Article: DoF rules out compromise in tax evasion cases.(Business)
Manila Bulletin;  May 20, 2005 ;     619 words ... ... filed a case. Bureau of Internal Revenue Commissioner Guillermo ... nothing personal in the DoF-BIRs campaign against ... just doing our job." DoF Undersecretary Emmanuel ... 248 of the National Internal Revenue Code." The BIR has ... since last year. The DoF and the Bangko Sentral ...

Article: DoF sees P105 B from VAT in 2006.(Business)
Manila Bulletin;  May 11, 2005 ;     700+ words ... ... infrastructure. "On the part of the DoF we need to reward our legislators ... instructed the BIR (Bureau of Internal Revenue) and the BoC (Bureau of Customs ... reduce the deficit further. The DoF official stance is the 12 percent ... longer time, Purisima said. The DoF chief said his priority is ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives