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                    [ArticleID] => 150452
                    [Title] => DOF opposes proposal to exempt agri inputs from VAT
                    [Summary] => The Department of Finance (DOF) is opposing a proposed blanket exemption to agricultural inputs from the value-added tax (VAT).


The DOF said it will not support Senate Bill 1669 or "An Act Amending the Agricultural and Fisheries Modernization Act (AFMA)" otherwise known as RA 8435 which seeks to exempt from VAT all agricultural inputs, equipment and machinery.


SB 1669 also seeks that all agricultural inputs as defined in the AFMA law and any future additions to such definition be VAT-exempt.


                    [DatePublished] => 2002-02-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
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FINANCE UNDERSECRETARY ANTONIO M

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                    [ArticleID] => 150452
                    [Title] => DOF opposes proposal to exempt agri inputs from VAT
                    [Summary] => The Department of Finance (DOF) is opposing a proposed blanket exemption to agricultural inputs from the value-added tax (VAT).


The DOF said it will not support Senate Bill 1669 or "An Act Amending the Agricultural and Fisheries Modernization Act (AFMA)" otherwise known as RA 8435 which seeks to exempt from VAT all agricultural inputs, equipment and machinery.


SB 1669 also seeks that all agricultural inputs as defined in the AFMA law and any future additions to such definition be VAT-exempt.


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abtest

DOF opposes proposal to exempt agri inputs from VAT

By Rocel Felix | February 13, 2002 - 12:00am

The Department of Finance (DOF) is opposing a proposed blanket exemption to agricultural inputs from the value-added tax (VAT). The DOF said it will not support Senate Bill 1669 or "An Act Amending the Agricultural...

Business