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                    [Title] => DOF to revoke a number of tax incentives
                    [Summary] => Over a thousand revenue regulations giving tax incentives to various industries are likely to be revoked for overlaps and even obsolescence, the Department of Finance (DOF) said yesterday. 


The findings came from the joint audit of the DOF and the Bureau of Internal Revenue (BIR) that sought to evaluate thousands of revenue regulations on tax incentives. 


Finance Undersecretary Gracia P. Tan said that the regulations gave tax incentives to various industries but some of them either overlapped or contradicted subsequent regulations. 


                    [DatePublished] => 2004-03-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
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FINANCE UNDERSECRETARY GRACIA P

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                    [ArticleID] => 242111
                    [Title] => DOF to revoke a number of tax incentives
                    [Summary] => Over a thousand revenue regulations giving tax incentives to various industries are likely to be revoked for overlaps and even obsolescence, the Department of Finance (DOF) said yesterday. 


The findings came from the joint audit of the DOF and the Bureau of Internal Revenue (BIR) that sought to evaluate thousands of revenue regulations on tax incentives. 


Finance Undersecretary Gracia P. Tan said that the regulations gave tax incentives to various industries but some of them either overlapped or contradicted subsequent regulations. 


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abtest

DOF to revoke a number of tax incentives

By Des Ferriols | March 11, 2004 - 12:00am

Over a thousand revenue regulations giving tax incentives to various industries are likely to be revoked for overlaps and even obsolescence, the Department of Finance (DOF) said yesterday. The findings came from...

Business