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SENATE HEARING - Committee On Ways and Means

PARTICIPATION AS A BIR CONSULTANT (pages 037 to 046)

Agenda: Expanding the Coverage of VAT

January 13, 2005

  • Senate Committee on Ways and Means met Jan 13, 2005, to deliberate on expanding VAT coverage (SBN 1838) based on DOF proposals.
  • DOF presented TCM Jan 13, 2005.pdf outlining plans to repeal certain VAT exemptions and increase rates to 12%.
  • Senators Enrile and Recto challenged the burden on consumers and suggested exploring tiered VAT rates rather than a flat increase.
  • DOF proposed revenue potential ranges: P28 billion for lifting exemptions, P50.17 billion for 12% VAT rate, and P86.74 billion for combined measures.
  • Committee requested DOF analyze alternative tax scenarios and address collection efficiency issues.
TCM Jan 13, 2005
Source:
Congress of the Philippines
Senate
Records and Archives Service
TCM 12
13th CP, 1st Regular Session

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