my heart beats....

my heart beats....
as the wind blows i move in harmony, as the nature unravels i dance with beauty, as long as i am living my heart beats

Thursday, August 12, 2010

Toll VAT issues

Not really a tax person but it seems a big question nowadays if government can impose VAT on government services such as toll.

Got a chance to listen to Recto and Henares discussion this morning. The sponsor of the bill and the implementor of the act were arguing on the inclusion and exclusion portion of the law...both have different view coming from legislative and tax perspectives.

Bottomline is goverment is pursuing this for a one billion monthly estimated collection who has a direct hit to the public.

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