Multi-awarded inventor Edgar Delibo

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Multi-awarded inventor Edgar Delibo
« on: October 01, 2012, 12:36:48 PM »
by pna

Multi-awarded inventor Edgar Delibo is pushing for the implementation of the Republic Act (RA) 7459, or the Inventors and Invention Incentives Act, that provides tax incentives for Filipino inventors and inventions.

Delibo, who owns the Dok Alternatibo Group of Companies, is a recipient of various awards for his inventions of herbal medicines, food supplements and natural cosmetics products.

He said the intent of the law is to recognize and grant incentives to inventors, particularly extending tax exemptions for every invention.

“But sad to say it was not implemented. Unfortunately, I was not given the privilege for said tax exemptions by the Bureau of Internal Revenue based on the said law despite effort on my part,” he said.

Delibo said the BIR only granted him income tax exemptions, which according to him runs counter to the intent and purpose of the law.

“In fact, the BIR billed me with millions tax payable before the conduct of actual investigations on their level,” he said.

Delibo said the entrapment operation that resulted in the arrest of BIR regional legal officer Roderick Orallo was the sad effect of the failure of BIR to fully implement the said law in as far as tax policies are concerned which he was persistently asking them ever since.

On Sept. 27, 2012, elements of the Criminal Investigation and Detection Group (CIDG) 11 arrested Orallo for allegedly extorting P50,000 cash from Delibo.

Delibo said some personnel of BIR XI earlier asked compromise money of P20,000 to settle the case they filed against him plus the “for the boys” money of P30,000.

“It was so malicious because the government will only earn P20,000.00 while the people trusted to implement the law gained P30,000.00. Said scenario really lost my trust and confidence as inventor, businessman and taxpayer. I was made a victim of robbery extortion by the BIR despite the fact that I am supposedly clothed with inventions act privilege which was not granted in the guise of blurred implementing policy of the law, how much more the small, neophyte inventors, investors and taxpayers,” he said.

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Re: Multi-awarded inventor Edgar Delibo
« Reply #2 on: October 01, 2012, 04:49:30 PM »
Hmm, di na ni siya Delibo ron, Demilyon na... ;D

...than to speak out and remove all doubt." - Abraham Lincoln