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TAX REFORMS
Posted: May 31st, 2008 @ 4:54am
The people are already burdened with so many tax measures. Yet, despite such tax measures, the country still suffers annually from revenue short falls. The problem lies in the implementation and enforcement of law. This Representation, therefore, seeks to initiate a dialogue with the business community, the tax authorities, and other concerned sectors on how to better implement our tax collection system.
However, priority should be given to the bill exempting the purchase of medicine by senior citizens from the coverage of the R-VAT, and amending for this purpose, Section 109 of the National Internal Revenue Code.
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