The American Chamber of Commerce of the Philippines (AmCham) is supporting moves to amend the country’s zero value-added tax (VAT) rating perk for registered businesses, citing that it takes an inordinate amount of time to get tax refunds from the government.
“The big problem on the VAT is the refund: It is taking forever. It’s the biggest problem,” Hinchliffe said. The AmCham executive noted that it takes years for locators to get their refund. “This is not just because of the pandemic. All had the same issues getting refunds on VAT,” he said.
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