Bill Type
Congress Name
Long Title
AN ACT INCREASING THE RATE OF THE VALUE-ADDED TAX, AMENDING FOR THE PURPOSE SECTIONS 106, 107, 108 AND 114 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, AND FOR OTHER PURPOSES
Date filed
July 15, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB01468 | |
| FULL TITLE : AN ACT INCREASING THE RATE OF THE VALUE-ADDED TAX, AMENDING FOR THE PURPOSE SECTIONS 106, 107, 108 AND 114 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, AND FOR OTHER PURPOSES | |
| ABSTRACT : To help the government meet its revenue target, the bill proposes to increase the value added tax to be paid by the seller from 10% to 12% of the gross selling price of goods or services. | |
| PRINCIPAL AUTHOR/S : SINGSON, ERIC D. | |
| DATE FILED : 2004-07-15 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Codilla (021 ) | 2. Amin (033 ) |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Scheduled for first meeting/hearing on 2004-12-13 | |
| 2. Under deliberation by the Mother Committee on 2004-12-14 | |
| 3. Under deliberation by the Mother Committee on 2005-01-06 | |
| 4. Approved by the Committee on 2005-01-07 | |
| 5. Committee Report filed on 2005-01-07 | |
| 6. Bicameral Conference Report filed on 2005-05-10 | |
| MOTHER BILL: HB03555 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2004-08-03 |
Abstract
To help the government meet its revenue target, the bill proposes to increase the value added tax to be paid by the seller from 10% to 12% of the gross selling price of goods or services.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.