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MANILA, Philippines – A bill taxing transactions with foreign digital service providers (DSPs) like Netflix and Spotify has won the approval of the House of Representatives in its third and final reading. House Bill No. 4122, which…
MANDAUE CITY, Philippines- Several progressive groups in Cebu led by BAYAN Central Visayas staged a rally in front of the Petron Oil Depot on Friday, March 18, 2022, to protest the series of oil price hikes.…
The Bureau of Internal Revenue (BIR) has also extended the deadline to apply for value-added tax (VAT) refunds as the ongoing community quarantine of the entire island of Luzon keeps people immobilized at home in the hope…
Ilocos Norte Governor Imee Marcos batted for the five-year suspension of the Value Added Tax (VAT) in order to address inflation. Speaking in a press conference in Cebu City on Saturday, Marcos said that although the economic…
Senator Joel Villanueva wants an “overhaul” of the value-added tax (VAT) system in the country. Aside from lowering the VAT rate from the present 12 percent to 10 percent, Villanueva also sees the need to rationalize the…
The Senate has rejected a proposal to exempt from the value-added-tax (Vat) all Build-Operate-Transfer (BOT) contracts despite a senator’s warning that the public might shoulder the additional burden. Seven senators voted against Senate President Pro Tempore Ralph…
The government should consider removing the dozens of value-added tax (VAT) exemptions that corporations enjoy under the law to compensate for the losses under the proposed VAT reduction to 10 percent, Sen. Panfilo Lacson said Sunday. Lacson,…
THE Bureau of Internal Revenue (BIR) regional office has prepared compliance notices for four establishments that have been found violating revenue laws. Neri Yu, BIR 13 chief legal officer, said a VAT (value-added tax) Compliance Notice will…
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