12% VAT to be implemented on Oct. 1 — TRB

MANILA, Philippines — The implementation of the 12 percent value added tax (VAT) on toll fees will be enforced on October 1unless the Bureau of Internal Revenue, which issues the directive, reverses itself, a spokesman for the Toll Regulatory Board said Friday.

In an interview over 990AM, Julius Corpuz said until the BIR would issue a new order, the TRB would be preparing for the smooth implementation of the 12 percent VAT on motorists passing through the North and South Luzon Expressways.

At the same time, Corpuz said there would be one more hearing on September 5 for those who would be affected by the order after which the BIR and the TRB would meet again to decide whether to push through with the collection.

Corpuz assured the public that the additional tax would go to the national treasury.

Reports said the additional VAT would give government from P1.3 billion to P2 billion in additional revenues.

For the report, listen to 990AM.