Wednesday, February 2, 2011

Airline tax hit

THE government will earn an additional income of $78 million from rejuvenated tourism and $1 billion from exports should it exempt international air carriers from paying the Gross Philippine Billings Tax (GPBT) and the 3 percent Common Carrier’s Tax (CCT).

Batangas Rep. Hermilando Mandanas, chairman of the House Committee on Ways and Means, said that the Philippines is the only country that charges GPBT and CCT taxes on international civil aviation and sea travel.                        

Both taxes are levied on all revenues, passengers, cargoes and excess baggage.


NEHA JAIN                                                                                                                

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