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By
Mar-Vic Cagurangan
Variety News Staff
THE numbers that
appear in the revised budget proposal and the spreadsheets provided by
the administration dont tally, further stalling the budget talks
yesterday, Vice Speaker Eddie Calvo, R-Maite, said.
The administration needs to come back to us with changes
in their numbers. They need to correct the errors. The revenue projections
provided in the revised budget plan dont match the figures that
show in the spreadsheet, Calvo said in an interview with Variety
after the budget session.
Calvo, chairman of the finance and taxation committee, specifically
mentioned the discrepancy in the administrations projected revenue
from the proposed tax amnesty program.
Bill 74, the revised budget proposal, projects that the government
will collect $17 million from the income tax amnesty. But data appearing
in the spreadsheet, Calvo said, showed that such revenue would come to
only $13 million.
The tax amnesty program waives late-payment penalties to encourage
delinquent taxpayers to settle their tax dues from previous years.
The tax amnesty program for business entities and individual property
owners who have outstanding tax dues is one of the major components of
the administrations revenue-building plan, along with the proposal
to raise the gross receipts tax from 4 percent to 6 percent.
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