The Bureau of Internal Revenue yesterday said it will continue to hold dialogs with sugar industry leaders to thresh out unclear provisions of Revenue Regulation 6-2007 which requires advance payment of Value-Added Tax on the sale of refined sugar.

Commissioner Lilian Hefti, in a press statement, said the BIR will also come up with an improved version of tax regulations that will properly address the problems of the industry and lead to the collection of correct taxes from sugar producers.

RR 6-2007 was suspended on August 28, and on September 14, Revenue Memorandum Circular 59-2007 was issued to clarify policies on VAT for refined sugar sale.

'Panubli-on' trade
fair at SM City

More than 50 producers and manufacturers in Western Visayas are showcasing their original and unique product creations at the Panubli-on Regional Trade Fair at SM City Bacolod until October 21.

The fair, participated by Negros Occidental, Aklan, Capiz, Guimaras and Iloilo producers, is being organized by the Department of Trade and Industry in cooperation with the Association of Negros Producers. Being sold at the North and South wing booths are food delicacies; gifts and houseware products; paper products; cloth and fabric; garments; Christmas décor; native handicrafts; and home furnishings.

Neg.Occ. coops hold
congress in city today

The 1st Negros Occidental Cooperative Congress will be held today at the Balay Kalinungan, University of St. La Salle and the 28th Provincial Cooperative Day Celebration, on October 20, also at the same veneu.

About 5,000 participants from more than 300 cooperative groups in Negros Occidental are expected to attend. Speakers include Mayor Evelio Leonardia; Sugar Regulatory Administration chief Rafael Coscolluela; and Antonio Meloto, executive director of Gawad Kalinga.

The gathering, themed "Building A Sustainable Negrense Society, The Cooperative Way," features various cooperative issues like Cooperative Taxation, Inter-cooperative Trade, Food Safety and Sovereignty, Agrarian Reform Beneficiaries Cooperatives in Rural Development and Cooperative as a Civil Society Organization.

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