The value-added tax (VAT) being imposed in the Philippines is “under review”.
Diokno told Nueva Ecija 3rd district Rep. Ria Vergara during interpellation the reason for the review is the “very low” yield of VAT, despite its high rate.
Source: mb.com.ph
Latest Posts in "Philippines"
- AstraZeneca Secures ₱37M VAT Refund from BIR for Exempted Medicine Imports
- Philippine Court Grants Partial VAT Refund to AstraZeneca Subsidiary for 2020 Drug Imports
- Philippines Launches VAT Portal for Non-Resident Digital Service Providers to Enhance Compliance
- Philippines Faces Potential Tariffs as Trump Targets Countries with Digital Taxes
- Philippines Announces VAT Exemption on Medicines to Lower Healthcare Costs and Improve Access