+ Impact of VAT Reform on Small and Medium-Scale Businesses
 
 
 

"Anong epekto ng VAT
sa negosyo ko"?

 
 Outline
o
Impact on Consumers
oImpact on Oil and Power
oImpact on Small and Medium-Scale Businesses
oImpact on the Poor
 


Hindi dapat mangamba ang mga negosyante sa VAT. Maliban sa ilang tulad ng produktong petrolyo at kuryente, dati nang may VAT ang mga binibiling raw materials at inputs ng mga negosyante para sa kanilang pabrika at mga paninda.

 

Ang anumang dagdag na VAT na kanilang babayaran para sa kuryente at gasolina halimbawa ay ibabawas naman sa VAT sa kanilang ire-remit sa gobyerno. Kaya nga, hindi dapat tumaas ang presyo ng kanilang mga produkto at paninda.

Bahagyang itinaas ang income tax ng mga kumpanya (35% mula sa 32%) upang makatulong para makamit natin ang balanseng budget at mapondohan ang mga programang panlaban sa kahirapan. Ngunit pagdating ng taong 2009, ibababa naman ito sa 30%.


Kung tayo ay magtutulungan makaka-ahon rin tayo.

 

"The reformed VAT law's direct effect on small business is neutral, because whatever VAT they pay on raw materials (Input VAT), they can deduct from their Output VAT. "



Mel Alonzo
Chairman & CEO
Small Business Guarantee Finance Corp.
 
 

But they will benefit from it indirectly in 2 ways:

1. Paying taxes will be simpler for small business without accountants on their staff.
2. VAT payments are official records of ac ompany's financial capability, which can be used for better credit rating purposes.

  
 
 

Implication of VAT law on prices of selected goods currently imposed with VAT

  
 

Sample Computation of Input and Output VAT for common products:

  
 

 

  
 

 

 
 
Affiliates:
Department of Finance - Queries on VAT, call 524-0607 Department of Trade and Industry - To report abnormal or drastic increase in prices of goods attributed to VAT, call 8977-DTI or 897-7384Bureau of Internal Revenue - Queries on VAT and other BIR-related concerns, call 981-8888Department of Energy - Consumer Welfare and Promotions Office Hotline No. 840-2267
 
Department of Finance
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