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                    [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] => 
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PBLF

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                    [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

Cap on chargeable VAT may pose great risk for businesses — PBLF

By Donnabelle L. Gatdula | May 23, 2005 - 12:00am

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...

Business