Finance Secretary Benjamin E. Diokno on Tuesday said the government is collaborating with the International Monetary Fund (IMF) on how to boost the country’s value added tax (VAT) collection, which currently stands at 40 percent, the lowest in Southeast Asia.
Source: businessmirror.com.ph
Latest Posts in "Philippines"
- BIR Falls Short of VAT Collection Target by P6.37 Billion in First Seven Months
- Philippine Court Clarifies Input VAT Refunds for Zero-Rated Sales in Electricity Sector Case
- Philippine Court Clarifies Input VAT Refunds for Zero-Rated Sales in Automotive Export Case
- Philippine Court Clarifies Input VAT Refunds for Zero-Rated Sales to PEZA Entities
- Philippines Maintains Digital VAT Despite Trump’s Tariff Threats on American Tech Giants
