A privileged communication. Cannot be used as a legal evidence!

ETM Conviction and Belief

RED:TV
RED:TV means real estate developers/dealers, tax victims! RED will only collect 300M but be defined and treated as a has to add 74M to pay the cash sale. taxes for a deferred-payment treated as CASH SALE by the SOLUTIO INDEBITI. To A BIR policy statement has the encourage more taxpayers to BIR and neither by the following wordings, viz; pay correct taxes on time, any taxpayer himself nor stipulated tax authority should always in the contract. The sale of real property on respect and obey, without deferred-payment basis shall No wonder the reports that mental reservation and be treated as CASH SALE. needed to be confirmed stated purpose of evasion the legal doctrine, No one shall enrich Deferred-payment basis means that no RED had been true in complying with the said policy himself at the expense of the initial payment of which in statement and no effort on the another. the year of sale exceeded side of the BIR had been twenty five [25] percent of the made to implement the same. The imposition of the subject gross selling price. BIR policy not only changes If that so, ETM suggests that the essence and provisions of Initial payments mean the the said confiscatory policy the contract but infringe actual amount of cash from should be removed or therein. downpayment and scheduled modified to be more humane. to be received by RED. ETM believes that the BIR UNCONSTITUTIONAL. This policy is a form of Emelino T Maestro is not in BIR policy is against the MISFEASANCE and a RED but his sympathy is with provision of the Philippine corruptions weapon. them. Constitution because it is not based on the capacity to pay Corruption is a disease. To be Reading the policy statement, by the taxpayer. Is the silent about it is to admit and ETM found it to be illogical and principle progressive taxation embrace its personnel and repressive and confiscatory. no longer respected? effects. Here what will happen to a ILLEGAL. The Tax Code had If you are a taxpayer who wants contract of sale wherein the already instructed the BIR that to voice out your feelings, gross selling price is one an income shall only be taxed intentions and concerns billion pesos and the at the time when it is received. related to taxation, please let downpayment is thirty percent. Is this a CASH SALE? ETM be your voice and face.
Specs. Down VAT IT Overdraft 107M 267M 374M 74M Tax Peso 300M

DEFERRED-PAYMENT. According to the Philippine Supreme Court and existing laws of the State, the executive and administrative branch of this government including the BIR has no legal authority and power to revise and add provisions to any existing laws such as the term deferred-payment which is to

ETM is embarking to a retail TAX CONSULTING. Be an ETM TAX CONSULTANT. Attend School for Tax Consultant and School for Tax Accountant now! (Posted on June 10, 2011 @ 7.30 pm, Manila, Philippines)