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                    [ArticleID] => 333891
                    [Title] => BOC to generate bulk of VAT revenues
                    [Summary] => The Bureau of Customs (BOC) is expected to generate the bulk of incremental revenues from the value-added tax (VAT) coming mainly from imported oil and petroleum products.


The VAT collection targets of the Bureau of Internal Revenue (BIR) and the BOC have been revised by the Development Budget Coordinating Committee (DBCC) to factor in the expansion of the BOC’s tax base.


Based on the original targets set by the DBCC, the BIR was expected to generate the bulk of incremental VAT revenues as the rate was adjusted from 10 to 12 percent.


                    [DatePublished] => 2006-04-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 256530
                    [Title] => BSP bucks declaration of fiscal crisis
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) opposed yesterday the proposal to formally declare a fiscal crisis, warning that the ensuing confusion might precipitate an actual fiscal crisis that the government is trying to avoid. 


The idea of declaring that the government is in fiscal crisis was floated by legislators last week as the Arroyo administration admitted that its borrowing is about to cross over for the first time from mere re-financing of existing loans to incremental borrowing. 


                    [DatePublished] => 2004-07-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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INCREMENTAL

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                    [ArticleID] => 333891
                    [Title] => BOC to generate bulk of VAT revenues
                    [Summary] => The Bureau of Customs (BOC) is expected to generate the bulk of incremental revenues from the value-added tax (VAT) coming mainly from imported oil and petroleum products.


The VAT collection targets of the Bureau of Internal Revenue (BIR) and the BOC have been revised by the Development Budget Coordinating Committee (DBCC) to factor in the expansion of the BOC’s tax base.


Based on the original targets set by the DBCC, the BIR was expected to generate the bulk of incremental VAT revenues as the rate was adjusted from 10 to 12 percent.


                    [DatePublished] => 2006-04-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 256530
                    [Title] => BSP bucks declaration of fiscal crisis
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) opposed yesterday the proposal to formally declare a fiscal crisis, warning that the ensuing confusion might precipitate an actual fiscal crisis that the government is trying to avoid. 


The idea of declaring that the government is in fiscal crisis was floated by legislators last week as the Arroyo administration admitted that its borrowing is about to cross over for the first time from mere re-financing of existing loans to incremental borrowing. 


                    [DatePublished] => 2004-07-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

BOC to generate bulk of VAT revenues

By Des Ferriols | April 28, 2006 - 12:00am

The Bureau of Customs (BOC) is expected to generate the bulk of incremental revenues from the value-added tax (VAT) coming mainly from imported oil and petroleum products. The VAT collection targets of the Bureau...

Headlines

BSP bucks declaration of fiscal crisis

By Des Ferriols | July 6, 2004 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) opposed yesterday the proposal to formally declare a fiscal crisis, warning that the ensuing confusion might precipitate an actual fiscal crisis that the government is trying...

Business