Angara gives BIR 2 weeks to submit revenue losses docs-A A +A
Tuesday, August 12, 2014
SENATOR Juan Edgardo Angara gave the Bureau of Internal Revenue (BIR) on Tuesday a two-week time to submit all the revenue losses documents to the committee on ways and means, which tackles a bill seeking a tax exemption for minimum wage earners.
Angara, the panel chair, said that if the BIR would not be able to submit all the data in the next committee hearing, he would issue a subpoena duces tecum to require the tax agency to produce the documents.
The revenue losses documents are needed in the Senate to be the bases for Senators Paolo Benigno "Bam" Aquino IV and Ralph Recto's proposed bill, the Marginal Income Earners (MIE), which seeks to exempt the ordinary workers from paying income taxes.
"We intend to subpoena first the documents and the information we require," Angara said, referring to the data that the BIR have to submit to set forth the passage of the bill in the committee level.
Angara, however, knew that the resource persons who attended the ways and means committee hearing on Monday were not in favor of the bill.
The BIR would be quick to submit all the documents if the proposal aims to increase taxes, he said.
"It's been eight months since we requested for the output, yet, they were not able to submit that to us," Angara said. "As of now, we're still giving them the benefit of the doubt. But somehow, we're losing patience."
The delay on the part of BIR also affected the senators' decision, he added.
Angara also cited an expert's opinion, saying the country's tax system must be adjusted every three years.
"In our case, we were not able to achieve the adjustment," he said. (Sunnex)