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Bacolod City, PhilippinesFriday, October 12, 2007
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Confed bucks exemption
of refined 'D' from VAT

SPF SUPPORTS DECISION OF SUGAR BOARD

An official of the Confederation of Sugar Producers Cooperatives yesterday said CONFED is not against the refining of "D" or World market sugar, but opposes the exemption of refined "D" sugar from advance Value Added Tax payment.

Jose Ramos, secretary-treasurer of CONFED Sugar Cooperatives, said they strongly object a provision in the Bureau of Internal Revenue Regulation 6-2007 that would allow owners of "A" or US sugar quota and "D" sugar to have these stocks refined and allow them to withdraw refined sugar without payment of advance VAT.

If "A" sugar is refined and is exempted from advance VAT, and considering that it cannot be sold in the US, what could happen is that the exporter will divert the sugar to the domestic market where the price of "B" or domestic sugar is higher than that of the "A" sugar, he said in a position paper.

'Capitol survey
depicts CARP as failure'

Task Force Mapalad yesterday scored the survey commissioned by the Negros Occidental provincial government to find out the status of the Comprehensive Agrarian Reform Program in the province, saying it depicts CARP as a failing government program.

In a press release, TFM president Rodito Angeles said they are questioning the results of the survey because they are tainted by vested interests. The results also need to be verified by independent and capable researchers.

"We question the motive of the survey because it seems to have been designed to lead to the wrong conclusion that CARP is a failure and should not be extended beyond 2008," Angeles said in the press release. Even if the survey results have some degree of truth, they do not by themselves prove that CARP is a failure, he added.

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Confed bucks exemption of refined 'D' from VAT
'Capitol survey depicts CARP as failure'
Airbus super jumbo flies into Philippines

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