Arthur Hughes paintings
Albert Bierstadt paintings
existing tax system exempts vehicles with a seating capacity of 10, classified as Asian utility vehicles (AUVs). The alleged controversy surrounding the tax issue, however, was settled with a ruling that four-wheel drives cannot avail of the exemption. But an argument cropped up that newly manufactured AUVs (Asian utility vehicles no longer serve the purpose of giving a break for entrepreneurs who use it for transporting goods and people. Against this backdrop, Romulo disclosed the DOF is now looking at the possibility, based on the proposal of the private sector, that all AUVs be subjected to the same amount of tax. But those who will register the vehicle as a public utility vehicle be given a tax rebate, he added. AUVs, which has been in fashion for more than three years now include
Friday, July 18, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment