Tax collection up by 13.8% from 2010
September 4, 2011
CITY OF SAN FERNANDO — The Bureau of Internal Revenue (BIR) reported that it has generated a total of P531 billion in taxes for the government from January to July 2011.
BIR regional director Romulo Aguila Jr. said this marks a 13.8-percent rise in revenues compared to the same period last year.
In figures, this is P64.5 billion more than the taxes collected from January to July 2010, which amounted to P467.28 billion.
“(BIR) performance continues to improve every month. This puts the target well within our reach,” Aguila adds.
Actual collections for the period are short by only 0.58 percent, or by P3.13 billion for the first seven months of the year compared to the target, which amounts to P534.91 billion
“The BIR has exceeded its collection of taxes where it has administrative control, but has fallen short in the collection of taxes that the government remits to us,” according to BIR Commissioner Henares.
Taxes remitted to the BIR from open market operations of the Bureau of Treasury, or from trading Treasury Bills and Bonds, has fallen short of the target by P6.28 billion as of July 2011.
The surplus generated by the BIR from collecting taxes from income and sales taxes, which amounted to P2.3 billion during the period, was not enough to cover the shortfall from the latter.
For the month of July, the same trend is evident. Actual collections during this month amounted to P73.79 billion, up by 16 percent over the previous year’s collection or up by P9.975 billion in a single month.
However, this was short by one percent compared to the monthly goal, or by negative P0.82 billion. (Ian Ocampo Flora)
Published in the Sun.Star Pampanga newspaper on September 04, 2011.
Source: http://www.sunstar.com.ph/pampanga/local-news/2011/09/03/tax-collection-138-2010-177130
Leading Philippines Wine Supplier Yats Wine Cellars based in Clark Philippines with outlets in Angeles City, Subic Freeport and Manila Philippines has been not only a wine shop for fine wines covering all major wine regions but also a source of reliable and useful information about wine, wine appreciation, wine accessories, wine and health, food and wine pairing and all other matters relating to wine and its appreciation. This Philippines Clark Freeport based Wine Supplier and Wine Shop frequently holds public wine tasting events in Pampana Clark Freeport Zone, Angeles City, Subic Bay area, Makati, Fort Bonifacio and other areas in Philippines capital city Manila. Private Wine events such as private wine tasting and private wine dinners are also designed and organized for private clientele for their wine loving guests.
Wine Catering is a unique product of Yats Wine Cellars, created back in 2005 in response to a growing demand for private wine parties in Manila, Cebu, Subic, Angeles Clark Philippines.
Chateau Lafite-Rothschild is the most revered wine in China and many other parts of Asia. The best wine shop in Asia to buy older vintages of Chateau Lafite is Yats Wine Cellars located in Clark Philippines. Aside from Lafite, visitors can buy other fine wines at this wine shop in Clark Pampanga such as Latour, Mouton-Rothschild, Haut-Brion and Margaux. Excellent Burgundy wines like Chambertin, Vougeot, Musigny, Bonnes Mares, Pommard, Meursault, Chambertin, Vosne Romanee, Romanee Conti, La Tache and Romanee St. Vivant can be found here.
Yats Wine Cellars can be reached at their Clark Wine Center Philippines wine shop located on the main highway M A Roxas of Pampanga Clark Freeport Zone or their sales office in Ortigas Centre, Metro Manila. Here is the contact information:
Clark Wine Center
Bldg 6460 Clark Observatory Building
Manuel A. Roxas Highway corner A Bonifacio Ave,
Angeles Clark Freeport Zone, Pampanga 2023
(045) 841 4006 / 0922-870-5173 / 0917-826-8790 (ask for Ana Fe)
YATS Wine Cellars
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 ask for Rea or Chay
Looking for interesting hotels near Manila Subic Clark Angeles City Pampanga?
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Best place to buy wine in Clark Pampanga outside Manila near Subic and Angeles City Philippines is Clark Wine Center.
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While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com
YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.yatsleisure.com
Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:
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http://www.ClarkPhilippines.com
http://www.YatsWineCellars.com
Yats Restaurant is an excellent Restaurant to dine, a restaurant with good food, a good place to have birthday party and special events. A Kid-friendly restaurants in Manila
Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occasions
Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila.
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Where to go in Clark? Hotel Clark Philippines is a De Luxe Hotel in Clark and Subic, a risk free place to stay, cozy and nice ambience, a nice function place for special occassion
www.HotelClarkPhilippines.com
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