Bill Type
Congress Name
Long Title
AN ACT CONVERTING THE ACCUMULATED VALUE ADDED TAX (VAT)PAYMENTS OF SALARIED WORKERS IN THE PRIVATE AND PUBLIC SECTORS AS AN ADDITIONAL EXEMPTION FOR THE COMPENSATION BASED INCOME TAX, AMENDING FOR THE PURPOSE CHAPTER VII, SECTION 35 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED AND FOR OTHER PURPOSES
Date filed
April 6, 2006
Scope
Legislative History
| House Bill/Resolution NO. HB05432 | |
| FULL TITLE : AN ACT CONVERTING THE ACCUMULATED VALUE ADDED TAX (VAT)PAYMENTS OF SALARIED WORKERS IN THE PRIVATE AND PUBLIC SECTORS AS AN ADDITIONAL EXEMPTION FOR THE COMPENSATION BASED INCOME TAX, AMENDING FOR THE PURPOSE CHAPTER VII, SECTION 35 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED AND FOR OTHER PURPOSES | |
| ABSTRACT : The bill proposes the conversion of accumulated value-added tax payments incurred by lower and middle income employees to additional exemptions from their annual tax dues. | |
| PRINCIPAL AUTHOR/S : VIRADOR, JOEL G. | |
| DATE FILED : 2006-04-06 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Ocampo | 2. Casiño |
| 3. Maza | 4. Mariano |
| CO-AUTHORS (Journal Entries) : | |
| 1. Beltran (063 ) | 2. Tañada (063 ) |
| 3. Marcos (005 ) | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2006-05-15 |
Abstract
The bill proposes the conversion of accumulated value-added tax payments incurred by lower and middle income employees to additional exemptions from their annual tax dues.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.