Can I read Tax Implications of RAs 11600 & 11601 on EtoBox?
Tax Implications of RAs 11600 & 11601 by Dwight Ursabia is a document available to read on EtoBox.
What is Tax Implications of RAs 11600 & 11601 about?
Republic Acts No. 11600 and 11601 grant Maynilad Water Services, Inc. and Manila Water Company, Inc. 25-year franchises to operate waterworks and sewerage systems in their respective service areas in Metro Manila and Cavite. Both acts outline tax liabilities, stating that these companies must pay the same taxes as other corporations but cannot pass income taxes to consumers. The transition from a 12% value-added tax to a 2% national franchise tax is expected to reduce water service rates for customers.
- Author
- Dwight Ursabia
- Language
- EN