The government’s tax effort eased to 12.8 percent in the first quarter of the year due to the change in the timing of value added tax (VAT) declaration and collections, from monthly to quarterly.
Source: malaya.com.ph
Latest Posts in "Philippines"
- Philippine Court Clarifies Refunds of Unutilized Input VAT on Zero-Rated Sales for 2020
- VAT Rules for Freebies and Promotional Items in the Philippines: Key Concepts and Legal Framework
- The BIR suspends audits of books of accounts until further notice
- Philippine Senate Proposes Abolishing VAT and 3% Tax, Signaling Major Tax Reform
- Philippine Court Clarifies Input VAT Refunds for Zero-Rated Sales in Recent Decision
