Quote Originally Posted by wowiesy
it isn't this simple as what the DOF nor the BIR would like us to think.... una na dyan additional 10% VAT on fuel and power... lahat ng industries gumagamit nyan... shempre pass on yan... kahit na sabihin na tinanggal yung excise tax on diesel para medyo bumaba.. still malaking bagay pa rin yan..

what is not really tackled upon by the govt and even in the media is the additional 10% VAT on carriers (like shipping, airline - sa trucking i think dati pa meron)..
That is why I said... power, oil & services. Transport / shipping services falls under services right?

For basic farm to market goods... hindi affected yan since the owners themselves can ship the said goods by themselves.

The BIR already released the final implementing guidelines (RR 16-2005). I highly suggest that you read it.