BIR to ignore bid for VAT deficiencies of tollway operators.

By bne IntelliNews August 24, 2011
Philippines Bureau of Internal Revenue will ignore the value-added tax deficiencies of tollway operators to spare the public from higher rates come October this year. As reported by The Manila Times.net, Commissioner Kim Jacinto-Henares stated that the bureau has decided to move forward. He further mentioned that they would not automatically b relieved from the payment of back taxes, they would still have to apply for abatement program. The BIR chief mentioned that the tollway operators had failed to collect the VAT and nothing can be recovered from them.

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