Bill Type
Long Title
AN ACT AMENDING SECTION 110 (B) OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, AND FOR OTHER PURPOSES
Short Title
EXCESS OUTPUT OR INPUT TAX (NIRC)
Text as Filed (File)
Sponsor
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
30
Session Type
Document Certification
Document Certification Date
All Information (Senate Website)
Legislative History (Senate Website)
Committee Report Senate Link
Committee Referral (Senate Website)
Floor Activity (Senate Website)
Senate Legis Intranet Link
Committee Details
Primary Committee
Committee Report No.
108
Legislative History
House Bill/Resolution NO. HB05742 | |
REPUBLIC ACT NO. RA09361 | |
FULL TITLE : AN ACT AMENDING SECTION 110 (B) OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, AND FOR OTHER PURPOSES | |
SHORT TITLE : Amending Section 110 (b) of the National Internal Revenue Code of 1997, As Amended | |
ABSTRACT : The bill seeks to remove the cap on the amount of input VAT (value-added tax) that can be credited against the output VAT by a VAT-registered taxpayers. | |
PRINCIPAL AUTHOR/S : SINGSON, ERIC D. | |
DATE FILED : 2006-08-31 | |
SIGNIFICANCE: NATIONAL | |
CO-AUTHORS : | |
1. Javier | 2. Pablo |
3. Valdez | 4. Noel |
5. Teves | 6. Madamba |
AUTHORS(Final/Third Reading) : | |
1. Singson | 2. Javier |
3. Pablo | 4. Valdez |
5. Noel | 6. Teves |
7. Madamba | 8. Codilla |
9. Gidaya | 10. Villanueva |
11. Villafuerte | |
DATE CERTIFIED AS URGENT:2006-09-21 | |
URGENT BILL? Yes | |
DATE CERTIFIED AS URGENT:2006-09-21 | |
ACTIONS TAKEN BY THE COMMITTEE | |
COMMITEE HEARINGS/ACTIONS: | |
1. Committee Report filed on 2006-08-31 | |
COMMITTEE REPORT NO. 01907 | |
SUBMITTED ON 2006-08-31 | |
SUBMITTED BY: WAYS AND MEANS | |
RECOMMENDATIONS: approval | |
SUBSTITUTED BILLS: HB04493, HB04535, HB04633, HB04974, HB05507 | |
ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
REFERRAL TO THE COMMITTEE ON RULES ON 2006-09-05 | |
DATE INCLUDED IN OB: 2006-09-05 | |
SECOND READING INFORMATION | |
PERIOD OF INTERPELLATIONS : 2006-09-26 | |
INTERPELLATED BY : Plaza, Suplico | |
FINAL LIST OF AUTHORS : Singson, Javier, Pablo, Valdez, Noel, Teves, Madamba, Codilla, Gidaya, Villanueva, Villafuerte | |
DATE APPROVED ON SECOND READING : 2006-09-26 | |
REMARKS : On Sept. 26, 2006, the Body approved to consider the Explanatory Note of the Bill as the sponsorship remarks on the measure. | |
THIRD READING INFORMATION | |
DATE APPROVED BY THE HOUSE ON THIRD READING :2006-09-26 | |
HOUSE VOTES: YEAS:150 NAYS:0 ABSTAIN:.0 | |
DATE TRANSMITTED TO THE SENATE: 2006-10-02 | |
ACTIONS TAKEN BY THE SENATE/HOUSE | |
DATE RECEIVED BY THE SENATE: 2006-10-02 | |
DATE PASSED BY THE SENATE: 2006-10-09 | |
REMARKS : | |
ACTIONS TAKEN BY THE PRESIDENT | |
DATE TRANSMITTED TO THE PRESIDENT : 2006-11-06 | |
DATE ACTED UPON BY THE PRESIDENT : 2006-11-21 | |
PRESIDENTIAL ACTION:(A)PPROVED/(V)ETOED/(L)APSED : A | |
REPUBLIC ACT NO.: RA09361 | |
ORIGIN : HOUSE | |
REPUBLIC ACT TITLE: AN ACT AMENDING SECTION 110(B) OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, AND FOR OTHER PURPOSES |
Senate Legislative History
Entitled: AN ACT AMENDING SECTION 110 (B) OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, AND FOR OTHER PURPOSES [ THIRD REGULAR SESSION, 13TH CONGRESS ] [ 2006 ] 9/25/2006 Certified by the President of the Philippines Gloria Macapagal Arroyo for its immediate enactment on September 21, 2006; 10/2/2006 Filed in the Senate requesting for concurrence by Representatives ERIC D. SINGSON, EXEQUIEL B. JAVIER and ERNESTO "ERNIE" C. PABLO; 10/2/2006 Read on First Reading and referred to the Committee on WAYS AND MEANS; 10/9/2006 Returned and submitted by the Committee on WAYS AND MEANS per Committee Report No. 108, recommending its approval without amendment; 10/9/2006 Committee Report calendared for Ordinary Business; 10/9/2006 Sponsor: Senator RALPH G. RECTO; 10/9/2006 Assigned for consideration by Special Order; 10/9/2006 Sponsorship speech of Senator(s) RALPH G. RECTO; 10/9/2006 Interpellation of Senator(s) SERGIO R. OSMENA III; 10/9/2006 Period of interpellation closed; 10/9/2006 Period of committee amendments closed; 10/9/2006 Period of individual amendments closed; 10/9/2006 Approved on Second Reading without amendment; 10/9/2006 Approved on Third Reading: 10/9/2006 In favor: (13) Senators Jinggoy P. Ejercito Estrada, Luisa Loi P. Ejercito Estrada, Flavier, Richard Dick Gordon, Lacson, Lim, M.A. Madrigal, Magsaysay, Jr., Osmena, Pangilinan, Pimentel, Jr., Recto, and Villar;
Against: N o n e;
Abstention: N o n e;10/10/2006 Sent back to the House of Representatives; 10/11/2006 Enrolled copy of HBN-5742 sent to the Senate for the signature of Senate President Villar Jr. and Senate Secretary Yabes; 10/30/2006 Enrolled copy of HBN-5742 sent back to the House of Representatives which was already signed by Senate President Villar Jr. and Senate Secretary Yabes; 11/21/2006 Approved and signed into law by the President of the Philippines, Her Excellency President Gloria Macapagal Arroyo, and became (See: O.B. dated November 27, 2006); 11/21/2006 REPUBLIC ACT NO. 9361
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Abstract
The bill seeks to remove the cap on the amount of input VAT (value-added tax) that can be credited against the output VAT by a VAT-registered taxpayers.'
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Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.