Featured comment from a reader about the post New SBMA Fees
They are saying that they get nothing out of the 5% tax collected for the BIR/Local barangays. What were they thinking when they set this up? How were they able to operate for 20 years under a setup of no incoming revenue for upkeep?
A simple solution would be to add another 1% in tax for the SBMA overhead that is applicable to the current 5% base. That way, the cost would be passed on to the consumer. It would still be half the current VAT (12%) that is applied outside the Economic zones.