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+ Follow EXPANDED VAT LAW Tag
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 278749 [Title] => Cap on chargeable VAT may pose great risk for businesses PBLF [Summary] => The Philippine Business Leaders Forum (PBLF) has said that the imposed 70-percent cap for creditable value added tax (VAT) from the total computed input may pose great risk for businesses, particularly those with very low profit margins.
In a position paper, PBLF, an associate of Economist Intelligence Unit (EIU), said the 70-percent cap on chargeable VAT "distorts the system from a pure tax on consumption," and is seen as another disincentive to doing or expanding business in the country.
[DatePublished] => 2005-05-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
EXPANDED VAT LAW
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 278749 [Title] => Cap on chargeable VAT may pose great risk for businesses PBLF [Summary] => The Philippine Business Leaders Forum (PBLF) has said that the imposed 70-percent cap for creditable value added tax (VAT) from the total computed input may pose great risk for businesses, particularly those with very low profit margins.
In a position paper, PBLF, an associate of Economist Intelligence Unit (EIU), said the 70-percent cap on chargeable VAT "distorts the system from a pure tax on consumption," and is seen as another disincentive to doing or expanding business in the country.
[DatePublished] => 2005-05-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Donnabelle L. Gatdula | May 23, 2005 - 12:00am
Recommended
The Insurance Commission has placed health maintenance organization Stotsenberg Healthcare Systems Inc.under conservatorship amid its inability to address requirements from the government.
3 days ago
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