THE amendments to the National Internal Revenue Code of 1997 (Tax Code), introduced by Republic Act (RA) 11534 (Create) and by RA 10963, or the “Tax Reform for Acceleration and Inclusion” (Train), particularly on the imposition of value-added tax (VAT) on indirect exports and limiting the transactions subject to zero-rated VAT, have caused an uproar and much confusion in the business world.
Source: manilatimes.net
Latest Posts in "Philippines"
- Philippines Eases Deadlines for New CWT Invoicing Rules
- Philippines BIR New Invoice Requirement on Withholding Tax Line Items
- Philippines Introduces Mandatory Accreditation for E-Invoicing Service Providers
- Philippines BIR Issues New Accreditation Rules for E-Invoicing Service Providers
- BIR issues RMC 110-2026: accreditation rules for e-invoicing service providers
