COA upholds lifting
of BGC disallowance
BY CHRYSEE SAMILLANO
The Commission on Audit Central Office has affirmed an earlier decision of the COA Regional Office lifting the notice of disallowance on the construction and site development of the Bacolod City Government Center in the total amount of P364.8 million.
In her letter replying to the query of Bacolod MayorMonico Puentevella dated February 17, Commission Secretary Nilda Plaras informed him and the chief accountant that COA Decision No. 2014-179 dated August 28, 2014, became final and executory pursuant to Section 9, Rule X of the 2009 Revised Rules on Procedures of the COA, as modified under COA Resolution No. 2011-06 dated Aug. 17, 2011.
Plaras quoted the dispositive portion of the decision that reads…”Wherefore, in view of the foregoing, COA Regional Office No. VI Decision No. 2012-012 lifting the Notice of Disallowance No. 09-005-100 (08) in the total amount of P364,831,456.52 is hereby affirmed.”
traders of VAT suits
BY CARLA GOMEZ
All the sugar federations will file cases against traders who deduct a 12 percent Valued Added Tax from raw sugar they bid for and buy starting today, Manuel Lamata, president of the United Sugar Producers Federation of the Philippines, warned yesterday.
The deduction is being anticipated following the Bureau of Internal Revenue issuance of Revenue Regulation No. 4-2015 that imposes12 percent advance VAT Tax on raw and refined sugar, which the sugar federations are questioning.
There is a preliminary injunction that prohibits the BIR from imposing the 12 percent VAT on raw sugar. The new BIR regulation is seen as an issuance to circumvent the preliminary injunction. What cannot be legally done directly cannot be done indirectly.
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Transport group calls
for ouster of Aquino
BY JUDY F. PARTLOW
More than 100 members of the transport group ND Motor Piston in Dumaguete City, staged a peaceful protest caravan around the city streets yesterday afternoon calling for the ouster of President Benigno Aquino III and to seek redress for local issues affecting them.
Eddie Lazaro, head of the ND Motor Piston-Dumaguete, said around 72 motorcabs-for-hire or 105 members, regular tricycle drivers, reserved drivers, and those driving single motorcycle units, participated in the caravan that weaved through the main thoroughfares of Dumaguete.