A LOCAL official of the Bureau of Internal Revenue (BIR) foresees no hitches in the implementation of the Creditable Withholding Tax (CWT) on political candidates' campaign expenditures in this city.
The implementation of the CWT campaign expenditures in the May 2010 national and local elections would be the first time for the BIR to implement as stipulated under Revenue Regulations No. 8-2009 (RR 8-2009).
RR 8-2009 ensures that the purchases of goods and services of the campaign and election activities of the candidates and their contributors and supporters shall be subjected to withholding tax (CWT).
Roberto Bucoy, head of the Revenue District Office, said it would be easy for them to implement the RR 8-2009 since they knew all of the candidates in this city.
Bucoy said it is also easy for them to determine if the candidates have declared the right amount of their expenditures for campaign materials like posters and banners.
“We can cross-check it (amount) with the owners of the printing press,” Bucoy said.
“If they have not complied, we will do it for them,” he added.
On Wednesday Bucoy's office has conducted an orientation-seminar on the implementation of the CWT.
Those who attended were candidates and owners of the different printing press operating in this city.