The Western Cape High Court has ruled that the Finance Minister does not have control over setting the VAT rate following the ...
THE GOVERNMENT will have to expand the tax base to make the proposed reductions in value-added tax (VAT) sustainable, and may need to resort to a crackdown on transactions currently exempt from VAT, ...
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Benefits of lowering the VAT rate
TWO parallel measures in the 20th Congress seek to reduce the Value Added Tax (VAT) from 12 percent to 10, with the goal of easing consumer prices and improving the Philippines’ competitiveness within ...
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Legarda moves to ease household burden with VAT reform package
MANILA, Philippines – Senator Loren Legarda has filed three complementary measures aimed at easing the burden on Filipino households by reforming the country’s value-added tax (VAT) system. The ...
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