Senator Francis “Chiz” Escudero on Sunday warned that banning Philippine Offshore Gaming Operators (POGOs) could prompt tax hikes to cover the prospective foregone revenues.
The DOF is already pushing for additional tariffs such as value-added tax (VAT) on digital transactions and single-use plastics.
Source: www.gmanetwork.com
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
