Page 1 of 3 123 LastLast
Results 1 to 10 of 23

New VAT Law


This discussion is about "New VAT Law" in the "Politics & Current Events" forums.
guys, naa mo copy dra sa bag-o pa gi-signan nga VAT Law? pls help...

  1. #1
    C.I.A.
    Join Date
    Apr 2005
    Posts
    2,080

    Default New VAT Law


    guys, naa mo copy dra sa bag-o pa gi-signan nga VAT Law? pls help

  2. #2
    C.I.A.
    Join Date
    Sep 2003
    Posts
    7,426

    Default New VAT Law

    basicaly expanded siya na VAT, increase corporate tax from 32 to 35 percent, removed fuel/ electiricity exemption from VAT, with option next budget to increase it to 12% instead of 10%, instant result is basic 10% increase of fuel prices, mas higher gyud sa electric bills..

  3. #3
    FK
    FK is offline
    C.I.A.
    Join Date
    Aug 2003
    Posts
    3,869

    Default New VAT Law

    wala sa government web sites bai? i think a new law should be put into circulation man tingali, para ma aware ang mga katawhan.

  4. #4
    C.I.A.
    Join Date
    Apr 2005
    Posts
    2,080

    Default New VAT Law

    mao lagi, sige ko google wala jud, only the write-ups ra jud ang naa, wala ang tibook article jud, badly needed jud kaayo nako ang copy sa whole article :>
    Quote Originally Posted by FK
    wala sa government web sites bai? i think a new law should be put into circulation man tingali, para ma aware ang mga katawhan.

  5. #5
    C.I.A. jerx d great's Avatar
    Join Date
    Feb 2005
    Posts
    5,975

    Default New VAT Law

    increasing the vat is a good option to the government but impression to the ordinary people like me..... but in the end, filipinos should support the actions and procedures that the government is dealing. lets support them and watch them also for thier actions...

  6. #6
    Senior Member
    Join Date
    Mar 2005
    Posts
    785

    Default New VAT Law

    I dont think this law will yield good results. Power producers are slapped with VAT. Definitely they will pass the burden to the consumers which would mean higher electric bills. The same result with regard to Petroleum industries. More increases in the prices of fuel.

    The increase of corporate tax from 32% to 35% will send a wrong signal to foreign corporations. With a relatively high labor cost and high taxes, this would be investors would find other places to pour their capital. The GMA government is scarying away investors.

    Most importantly this VAT will not help the people because more taxes will only mean more money to steal from our crooked politicians.

  7. #7
    Elite Member Empress_Of_Drac's Avatar
    Join Date
    Apr 2005
    Gender
    Male
    Posts
    1,801

    Default New VAT Law

    Quote Originally Posted by dawn runner
    I dont think this law will yield good results. Power producers are slapped with VAT. Definitely they will pass the burden to the consumers which would mean higher electric bills. The same result with regard to Petroleum industries. More increases in the prices of fuel.

    The increase of corporate tax from 32% to 35% will send a wrong signal to foreign corporations. With a relatively high labor cost and high taxes, this would be investors would find other places to pour their capital. The GMA government is scarying away investors.

    Most importantly this VAT will not help the people because more taxes will only mean more money to steal from our crooked politicians.
    plzzz...let's don't be too pessimistic...kindly see the brighter side of it...

    ot:what i really mean is...by always braggin' about corruption...nothin' still wud happen...let's just face it...we never knw..at least our president is doin' somethin' for our country...

    ot: i think dli na siya ot..toink..sorryyy...

  8. #8
    Elite Member
    Join Date
    Oct 2004
    Gender
    Male
    Posts
    1,370

    Default New VAT Law

    what's OT mean? hehehe

    VATukan ko sila!

  9. #9
    Senior Member
    Join Date
    Apr 2005
    Gender
    Female
    Posts
    720

    Default New VAT Law

    give it a chance. there are already positive signs. Fitch has given us a "stable" rating. i'm hoping Moody's and Standard & Poor's will follow. these credit ratings agencies have given us negative rates since time immemorial. the stable rating by Fitch is already a feat for the country.

    excerpt from the news: "We have had to wait a long time for this package but it has been worth it. The policy response that has taken shape is really quite something in the Philippines' historical context and should mark the turning point in the country's fiscal profile," said Brian Coulton, senior director of Fitch Ratings' sovereigns team in Asia."

  10. #10
    Senior Member
    Join Date
    Mar 2005
    Posts
    785

    Default New VAT Law

    The more important concern of our country is how we could sustain our economy which is losing steam. Look around you, there is so much poverty and helplessness.

    And please dont gloat about Fitch ratings. Fitch is not concern about the plight of our people, its concern is whether a country CAN PAY ITS DEBT! So Fitch is thinking more like a loan shark. With the approval of VAT, Fitch saw a way in which the Philippines can meet its credit commitments. Thats what he meant of being "stable". As simple as that.

    I oppose this VAT because the way our politicians govern and the way the present administration is handling our financial affairs doesnt make a good promise.

    This VAT will only burden the people more.

  11.    Advertisement

Page 1 of 3 123 LastLast

Similar Threads

 
  1. OUR OFFICIAL STAND on the NEW HELMET LAW
    By jackjakosalem in forum Politics & Current Events
    Replies: 1171
    Last Post: 12-10-2013, 08:36 AM
  2. Replies: 161
    Last Post: 08-03-2012, 03:22 AM
  3. New Poland Law - a suggestion
    By cebulifer in forum Politics & Current Events
    Replies: 14
    Last Post: 10-01-2009, 11:16 PM
  4. Propose NEW LTO law on 4wheel private cars
    By macme in forum Automotive
    Replies: 68
    Last Post: 11-10-2008, 01:20 AM
  5. Propose NEW LTO law on 4wheel private cars
    By macme in forum Politics & Current Events
    Replies: 40
    Last Post: 10-02-2008, 10:59 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
about us
We are the first Cebu Online Media.

iSTORYA.NET is Cebu's Biggest, Southern Philippines' Most Active, and the Philippines' Strongest Online Community!
follow us
#top