Thursday, October 02, 2008

According to a COA ruling, the LTO Region XI office has to return P22.9M in illegally collected VAT on the so-called "computer fee" from 2003 to 2007 to the public. This will most likely take the form of a discount on future registrations, license renewals and such. Read more about it here. Region XI lang kaya ito nangyayari? Anyway, this should be good news to people in the Davao region. Although, the amounts might not really amount to much, considering today's economy and looking at what's coming in the near-future, every little bit helps.


The Huli Ka! Team said...

Update: LTO claims that the VAT is legal. Read about it here.