Senator oppose BIR taxing of raw sugar-A A +A
Saturday, October 5, 2013
SENATOR Joseph Victor “JV” Ejercito said he is against the 12-percent Value Added Tax (VAT) by the Bureau of Internal Revenue (BIR) on raw sugar.
“I think that the BIR is being harsh with the sugar industry which is already suffering in the advent of the 2015 AFTA when tariffs on imported sugar would be as low as 5 percent to zero tariff. I will study the matter because in effect it is only muscovado now that is exempted from VAT. This will really be detrimental and a big black eye to the sugar industry,” Ejercito said.
Estrada, who was the guest during the induction of new officers of the Vice Mayor's League of the Philippines (VMLP)-Negros Occidental chapter at the Silay City Civic Center Friday night, said the sugar industry will suffer more.
“I think the BIR should consider the matter and change the definition on what is raw sugar and what is not and should consider brown sugar exempted from VAT considering that sugar industry having a hard time. Those with the industry should even be given tax breaks especially come year 2015,” Ejercito added.
He said he has made a commitment to help the sugar industry because it is the backbone of Negros. "Negros is my second home being the birthplace of my mother," he said.
He assured that he will study the taxing issue further and take it up at the senate to explore some possibilities to appeal or ask the BIR to go back to its old code in so far the sugar industry is concerned.
Ejercito has filed a counterpart bill of the Sugarcane Bill of Representative Albee Benitez (3rd district, Negros Occidental).
Ejercito said that he will do everything to support the towns and cities in the province, as he said in a message during the induction of the VMLP-Negros Occidental chapter.
Published in the Sun.Star Bacolod newspaper on October 05, 2013.