Traders oppose BIR plan on zonal value hike
ANGELES CITY — A group of businessmen has expressed opposition to the plan of the Bureau of Internal Revenue (BIR) District Office here to increase the zonal value of properties to P2,500 per square meter.
Metro Angeles Chamber of Commerce and Industry Incorporated (MACCII) chairman Mario Lazatin, together with other businessmen, submitted a position paper before the BIR office stipulating comments and recommendations regarding the planned increase in zonal valuation by as much as 1,400 percent.
The increase of property value will result in the increase in the capital gain tax the government imposes on real estate owners and developers.
Lazatin said they are opposing the drastic increase of the property value, which was announced during a public hearing on March 7, 2012.
He however clarified that they are not against the tax increase, but that it should be done in a smooth manner.
BIR Revenue District Officer Rosalina Legaspi, for her part, said there were no increase in property value and tax over the past 16 years. She added that the increase may be implemented every three years.
Based on the study conducted by MACCII, the increase acceptable to businessmen is 100 percent increase or P1,000 per square meter, according to Lazatin.
The groupโs position paper stated that the people of Metro Angeles have been groaning under a staggering load of economic woes brought about by a series of natural and political calamities like the eruption of Mount Pinatubo in June 1991, the world financial crisis, the increase of peso value, which affected the competitiveness of local exporters and others.
Lazatin said tourism and the investments would be greatly affected by this drastic increase in zonal values.
The increase in real property taxes, which will be spurred by the zonal value hike, would also โslow downโ economic activities and prejudice the prospects for home ownership for the low-income bracket, the tradersโ position paper also stated.
Lazatin claimed that the city and other areas around the Clark Freeport should be competitive in terms of taxes in order to attract tourists and investors.
The BIR Angeles City District Office covers this city and four Pampanga towns including Mabalacat, Arayat, Magalang, and Porac.
Lazatin said they are willing to work out with the BIR in order to come out with a win-win solution to the problem.
Source: http://www.sunstar.com.ph/pampanga/local-news/2012/03/15/traders-oppose-bir-plan-zonal-value-hike-211333
With new golf courses springing up in and around Clark Philippines and an ever-increasing patronage by tourists from neighboring South Korea, Clark Freeport is short on hotel accommodation.
Even with the addition of 27 holes in 2009 and 2010, there is an acute shortage golf tee times for at least 5-6 months each year. Local players compete with frustrated (golf) tourists from Korea and China for tee times. Unfortunately Clark Philippines doesnโt have the luxury of vast tracts of land suitable for this type of development.
Mimosa offers 36 holes of championship golf, visitors can pay and play, busy during the weekends but not that difficult to get on or join up with a group to form a 4-ball. The new FAKCC offers 27 holes of world-class golf.
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. Yats Restaurant is one of the good restaurants in Pampanga, a restaurant with good food, a place that is nice for celebration, ideal for business dinner meeting, a good place to enjoy family reunion, and an attractive restaurant that serves 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.
What many tourists and residents of Manila, Subic, Pampanga Angeles City and Clark Philippines found out over the holidays when they traveled out of town going north to Pampanga for a short getaway and a nice vacation was that there is a highly recommended hotel in Clark is also a very night out place.
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.
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 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:
Yats International Leisure Philippines
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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