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PIA Press Release
2006/11/09

Tagalog News: Pamahalaang lokal makakatanggap ng P3.5 billion mula sa VAT revenue

by MM Galdones

Koronadal, South Cotabato (9 November) -- Inihayag ng Department of Budget and Management (DBM) na makakakuha sa susunod na taon ang mga local government units (LGU) ng P3.54 billion bilang share sa value-added tax (VAT) collection ng pamahalaang nasyonal.

Samantala, umaasaa pa rin ang national government na magkakaroon pa ng P75 billion na additional revenues ngayon taon mula sa VAT.

Hinikayat naman ng Bureau of Internal Revenue (BIR) ang mga lokal na pamahalaan na huwag itago o pagtakpan ang mga tax evaders sa kani-kanilang nasasakupan.

Nakasaad sa batas na ang pamahalaan nasyonal ay magbibigay sa mga LGU ng 20% mula sa kalahati ng incremental VAT collection. (PIA 12) [top]

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