- An advocacy group, Negosyo Advocates, is calling for the complete removal of the value-added tax (VAT) in the Philippines, arguing that it significantly raises production costs and, consequently, the prices of basic goods and services. They believe that eliminating VAT, such as on fuel, would lower production expenses and ease commodity prices. The group also highlighted that the government can afford to remove VAT, given its spending on ghost and substandard projects.
Source: newsinfo.inquirer.net
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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