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DOE assures oil firms on reimbursements

The Department of Energy (DOE) assured oil companies that they will be reimbursed for tax payments on petroleum products coursed through and used in economic zones.

Energy Secretary Jose Rene Almendras said that the government will pay back oil companies for petroleum products affected by a recent Bureau of Internal Revenue (BIR) order requiring them to pay for taxes even in economic zones. β€œThey will be reimbursed as long as they sell it to the domestic market. But we will let Finance handle that,” he said.

The BIR issued Regulation 2-2012 on February 17, 2012 for tax payments in economic zones in a bid to curb the alleged rampant smuggling that originate from these industrial enclaves. Prior to the order, oil imports that pass through economic zones were not levied value-added and excise tax on the presumption that these products are not to be sold elsewhere in the country.

Instead, oil companies are now required to pay such duties and file a claim for refund or tax credit before the Bureau of Customs, subject to the endorsement of the BIR. The BIR regulation states that β€œno claim for refund shall be granted unless it is properly shown to the satisfaction of the BIR that said petroleum or petroleum products have been sold to a duly registered locator and have been utilized in the registered activity/operation of the locator, or that such have been sold and have been used for international shipping or air transport operations, or that the entities to which the said goods were sold are statutorily zero-rated for VAT [value added tax], and/or exempt from excise taxes.”

http://www.manilatimes.net/index.php/business/top-business-news/18320-doe-assures-oil-firms-on-reimbursements

Philippines Clark Freeport offers attractive investment opportunities. Assistance in law, taxes and other business and investment matters can be obtained from Clark Business and Investment Assistance.

Clark Philippines operates under a slightly set of rules from the rest of the country. There are many advantages but as usual, there are also areas that investors need to be well apprised to avoid unnecessary problems.

Clark Freeport Zone offers many attractive incentives that collectively make it a good business investment opportunity as well as a wonderful choice for semi- or full-retirement. In addition to the tax incentives of a Freeport Zone, Clark has a remarkably good record in terms of crime rate. In fact, there is no recollection of any major crimes inside Clark Freeport Zone at all and even minor crimes are rare and far between. Whereas traffic and pollution are two major deterrents to retiring, living or setting up a business in major cities in the Philippines such as Manila and Cebu, Clark Freeport are not marred by these problems. Clark is blessed by good infra structures left behind by the Americans built when Clark was their largest foreign airbase.

Investors are well advised to obtain legal counseling as the first step of their exploration of investment opportunities in Clark Freeport. Clark Business and Investment Assistance is well experienced to offer this service to would-be investors – called locators. This outfit can also address tax concerns but more importantly helps investors navigate the tricky waters of finalizing a deal. Clark Pampanga is a fast growing city and businesses in Manila are making their move to either expand into or relocate to Clark Philippines.

Where to go in Clark? Hotel Clark Philippines is a De Luxe Hotel in Clark and Subic, a risk free place to stay, cozy and nice ambience, a nice function place for special occasion

You might want to check also the Yats Restaurant is the best restaurant for special dinner, best restaurant for dinner with friends near Manila, also the best place to celebrate special events.

Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occasions. Looking for a restaurant in Clark for a Business meeting? Or a place to eat with friends? Yats Restaurant offers exclusive dinner venue for groups, a good place to celebrate special occasions, it can be a party venue in town. Yats Restaurant is a recommended restaurant for private dinner in Philippines, a well-recognized restaurant that serves good food and good wines for dinner.

Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila.

This web site contains articles and information that will be helpful to visitors, residents and tourists traveling out of town from Manila on a short getaway to Subic, Angeles City, Pampanga and Clark Philippines. There are several web sites that contain information that might also be pertinent to what is happening in North Luzon, Subic, Tarlac, Pampanga, Clark Freeport Philippines.
Looking for a party venue in town?
Clearwater Resort and Country Club is one of the ideal venues for birthday party because it is a risk free venue. Not only Birthday Parties but also a good place to enjoy family reunion. A good place to celebrate special occasions. Clearwater Resort and Country Club is one of the resorts in Subic Clark Angeles City Pampanga or near Manila with activity amenities, place that are nice for celebration.

Looking for interesting hotels near Manila Subic Clark Angeles City Pampanga?
Trouble free hotels and well recognized hotels in Subic Clark Angeles City Pampanga
Clearwater Resort and Country Club offers a good place to stay in Subic Clark Angeles City Pampanga. In offers nice place to have rest in Subic Pampanga outside Manila.
One of the Philippines top hotels in north Luzon.

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

For assistance with lodgings, accommodations, hotels and resorts near Manila in Subic, Pampanga, Angels City and Clark Philippines log on to http://www.HotelClarkPhilippines.com

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.

http://www.ClarkWineCenter.com

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