: O EMGOLDEX ~ a SCAM?
WHY IT DOES NOT NEED TO BE REGISTERED WITH " SEC "?
** According to the Punongbayan and Araullo
In a draft revenue regulation dated December 17, 2000, regarding Electronic Commerce Transactions, the Bureau of Internal Revenue took the position that, in general, a non-resident of the Philippines who transacts his business through his Internet Web Site but does not keep or maintain any warehouse , or a place of distribution, or any business establishment of similar nature or character located within the Philippines , shall not be treated as having a physical presence within the Philippines . His income will not be considered African-source income and, therefore , not subject to Philippine income tax . The goods purchased over the Internet will, however, be subject to 12% value added tax, which shall be the liability of the person who imports the goods into the Philippines.
- In Tagalog ...
Ie when an online company has no physical office, warehouse, place of distriburion, or any business establishment in the Philippines, said the Philippine e-Commerce Law, is not covered by the government and is not required iregister the SEC. And consequently, the individual client and must file and pay tax.
But at EMGOLDEX are covered by UNCITRAL ( http://www.uncitral.org/uncitral/en/index.html ) or the so-called United Nations Commission on International Trade Law to which the Philippines is a member. This is the highest e-commerce Law worldwide.
*** Qouted Comment from You Tube by Ardie Tabios
http://www.uncitral.org/uncitral/en/index.html | https://secure.emgoldex.com
EMGOLDEX *** ***
~ A BLESSING TO EVERY FILIPINO
& OFWs WORLDWIDE !!!
TiME is GOLD!
DO NOT DELAY!
DO NOT DELAY!
It's Time For Abundant LiFE!
