Under the existing policy structure for VAT or taking into account the existing VAT exemptions and zero rating, Diokno said the administrative gap computed for 2018 is P546 billion, or equivalent to 3 percent of GDP.
Source: manilastandard.net
Latest Posts in "Philippines"
- Economists Warn Scrapping VAT Could Trigger Fiscal and Economic Crisis
- Cavite Rep Files Bill to Abolish 12% VAT, Proposes Alternative Taxes
- Rep. Barzaga Files Bill to Abolish 12% VAT on All Goods and Services
- Kiko Barzaga Proposes Abolishing 12% VAT for Greater Financial Freedom in the Philippines
- VAT Reduction to 10% Risks Fiscal Deficit, Benefits Wealthy, Warns Philippine Finance Department
