Gov’t defers 12% VAT on toll fees

March 31, 2010 11:04 pm 

MANILA, March 31 — The government has deferred the April 1 effectivity date of the collection of the 12 percent expanded value-added tax (EVAT) on toll fees to a later date.

Executive Secretary Leandro Mendoza released today in Malacanang a joint statement by the Department of Transportation and Communication (DOTC) and the Department of Finance (DOF), that postponed the EVAT implementation to not later than April 30 until such time that the Toll Regulatory Board (TRB) shall have finalized the mechanics of the tax collection in an implementing rules and regulations.

DOF Secretary Gary Teves and DOTC Secretary Anneli Lontoc both signed the following statement:

“In order to thresh out the technical and operational issues in the implementation of VAT on toll fees, the DOTC and DOF agreed to defer the implementation of VAT on toll fees on April 1, 2010. The Toll Regulatory Board (TRB) is expected to come up with implementing rules or mechanics on how to implement the VAT to be imposed by the Bureau of Internal Revenue (BIR) not later than April 30, 2010.” (PNA)

DCT/OPS/ssc

Comments

One Response to “Gov’t defers 12% VAT on toll fees”

  1. Ako on April 7th, 2010 3:53 pm

    Dapat lang….!