The Bureau of Internal Revenue (BIR) has reduced the requirements that taxpayers need to comply with in order to get their value added tax (VAT) refund.
BIR commissioner Romeo Lumagui recently issued a revenue memorandum circular and revenue memorandum order that would streamline the documentary requirements and procedures in the filing and processing of VAT refund claims.
Source: Zawya
Latest Posts in "Philippines"
- Economists Warn Scrapping VAT Could Trigger Fiscal and Economic Crisis
- Cavite Rep Files Bill to Abolish 12% VAT, Proposes Alternative Taxes
- Rep. Barzaga Files Bill to Abolish 12% VAT on All Goods and Services
- Kiko Barzaga Proposes Abolishing 12% VAT for Greater Financial Freedom in the Philippines
- VAT Reduction to 10% Risks Fiscal Deficit, Benefits Wealthy, Warns Philippine Finance Department
