- World Bank recommends expanding VAT base and improving tax administration to increase revenue in the Philippines.
- World Bank suggests improving compliance, reducing exemptions, and special rates to increase VAT revenue.
- Minimal Government Thinkers proposes broadening VAT base by lowering the rate to 7-8% with no exemptions except raw agriculture and fishery products.
Source: bworldonline.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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