The 12 percent value-added tax (VAT) rate is imposed on most goods and services that have achieved actual gross sales of over PHP 3 million (US$53,562).
VAT exemption for exporters of local purchases..
What services are subject to VAT exemption?
Source: aseanbriefing.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













