THE call by foreign and domestic business groups to pass the proposed “Ease of Paying Taxes” bill has received “strong” backing from House Committee on Ways and Means Chairman Joey Sarte Salceda.
The lawmaker added he guarantees that the House of Representatives “will almost certainly approve it again next time” noting that incoming Speaker [Ferdinand Martin G.] Romualdez was keen on the passage of that bill as Majority Leader.
“You need a pro-taxpayer tax reform before we can enact other tax measures that will result in higher taxes or higher compliance. You want people to find it easy to pay taxes first, before you collect more taxes. That’s why the EOPT [Ease of Paying Taxes law] is crucial,” Salceda said. “And it is even more crucial given issues such as the Megaworld Corp. incident, which made evident the need for taxpayer rights protection.
The proposal gives the Bureau of Internal Revenue the power to create taxpayer classifications relative to the following: capacity to comply with tax rules and regulations; amount and type of tax paid; gross sales and/or receipts as well as inflation; volume of business, wage and employment levels; and, similar economic and financial factors.THE proposed EOPT bill also calls for the implementation of simplified tax rules and regulations for ease of compliance.
“This would allow small businesses to grow without worrying about having to register for VAT if they are still unable to,” Salceda said.THE EOPT bill also proposes to allow the payment of the taxes before they are due. This impliedly allows payment of tax not necessarily simultaneous with the filing of the return.
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