The imposition of value added tax (VAT) on digital services could generate additional revenues of P96.72 billion over a five-year period, which could be used for more socioeconomic programs, the Department of Finance (DOF) said.
Source: malaya.com.ph
Latest Posts in "Philippines"
- Recto Warns VAT Cut Could Trigger Credit Downgrade, MUP Bill Costs ₱141B
- Recto Warns VAT Cut Could Increase Debt, Risk Credit Downgrade
- Senior Citizens Partylist Backs VAT Removal on Electricity for Filipino Households
- BIR Prohibits Lumping Low-Value Purchases for Philippine Input VAT Claims
- Economists Warn Scrapping VAT Could Trigger Fiscal and Economic Crisis