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                    [ArticleID] => 190261
                    [Title] => Stockbrokers revert to payment of 10% VAT
                    [Summary] => Stockbrokers have reverted back to the payment of the 10-percent value-added tax (VAT) on their brokering services, replacing the seven-percent gross receipts tax (GRT) charged since April 2001.


In a memorandum to brokers, Philippine Stock Exchange general counsel Zayber Protacio said the shift took effect last Jan. 1, 2003, in line with the provision under Republic Act 9010.


                    [DatePublished] => 2003-01-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
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                    [ArticleID] => 96522
                    [Title] => PSE to require members to follow new tax system
                    [Summary] => Despite protests mainly from foreign brokers, the Philippine Stock Exchange will require its members to shift from paying a 10-percent value-added tax (VAT) on brokers’ commission to a seven-percent gross receipts tax (GRT).


In a memorandum to brokers, PSE president Ramon T. Garcia said after several conferences between brokers’ representatives and Bureau of Internal Revenue Commissioner Rene Banez, the PSE will issue the guidelines on the shift as mandated under RA 8761 and RA 9010.


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                    [ColumnID] => 133272
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                    [AuthorID] => 1096615
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STOCKBROKERS

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                    [ArticleID] => 190261
                    [Title] => Stockbrokers revert to payment of 10% VAT
                    [Summary] => Stockbrokers have reverted back to the payment of the 10-percent value-added tax (VAT) on their brokering services, replacing the seven-percent gross receipts tax (GRT) charged since April 2001.


In a memorandum to brokers, Philippine Stock Exchange general counsel Zayber Protacio said the shift took effect last Jan. 1, 2003, in line with the provision under Republic Act 9010.


                    [DatePublished] => 2003-01-04 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Christina Mendez
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                    [ArticleID] => 96522
                    [Title] => PSE to require members to follow new tax system
                    [Summary] => Despite protests mainly from foreign brokers, the Philippine Stock Exchange will require its members to shift from paying a 10-percent value-added tax (VAT) on brokers’ commission to a seven-percent gross receipts tax (GRT).


In a memorandum to brokers, PSE president Ramon T. Garcia said after several conferences between brokers’ representatives and Bureau of Internal Revenue Commissioner Rene Banez, the PSE will issue the guidelines on the shift as mandated under RA 8761 and RA 9010.


                    [DatePublished] => 2001-03-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
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abtest

Stockbrokers revert to payment of 10% VAT

By Christina Mendez | January 4, 2003 - 12:00am

Stockbrokers have reverted back to the payment of the 10-percent value-added tax (VAT) on their brokering services, replacing the seven-percent gross receipts tax (GRT) charged since April 2001. In a memorandum...

Business

PSE to require members to follow new tax system

By Christina Mendez | March 25, 2001 - 12:00am

Despite protests mainly from foreign brokers, the Philippine Stock Exchange will require its members to shift from paying a 10-percent value-added tax (VAT) on brokers’ commission to a seven-percent gross receipts...

Business