It is still not clear when this will be implemented due to COVID-19 related delays. The new rules will likely include a VAT annual sales registration threshold of PHP 3million (approx. €51,400 or $59,500).
Source: vatcalc.com
Latest Posts in "Philippines"
- Philippine Court Denies Input VAT Refund Due to Insufficient Invoice Evidence for Zero-Rated Sales
- The BIR lifts its previous tax audit suspension
- Philippine Lawmakers Propose Lowering VAT to 10% to Ease Prices, Boost ASEAN Competitiveness
- Twin VAT Cut Proposals: How Lower Taxes Could Benefit Filipino Consumers and Boost Competitiveness
- Philippine Court Voids VAT Assessment for Lack of Annexes, Upholds Zero-Rating for Freeport Sales
