LTO MEMORANDUM CIRCULAR NO. 676-2006, January 31, 2006
VAT RATE ON COMPUTER FEES
National Administrative Register January 31, 2006
In compliance with the provision of the eVAT Law, the VAT rate on computer fees is hereby raised from 10% to 12% and effective February 1, 2006 following the table shown below, to wit:
Computer Fee 12% VAT Total MVRS P120.00 P14.40 P134.40 MAIDRS Stock Reporting P120.00 P14.40 P134.40 Special Reporting P120.00 P14.40 P134.40 DLS P 48.00 P 5.76 P 53.76 ADLES P 48.00 P 5.76 P 53.76 LETAS P 48.00 P 5.76 P 53.76
In this connection, you are hereby informed that implementation of the above-mentioned VAT rates for the computer fees of the LTO-IT system will take effect February 1, 2006.
All orders/memoranda in conflict herewith are deemed superseded.
For strict compliance.
Adopted: 31 Jan. 2006
(SGD.) ANNELI R. LONTOC
Assistant Secretary