DoF, BIR issue rules granting natgas transactions VAT exemption
The Department of Finance (DoF), upon the recommendation of the Bureau of Internal Revenue (BIR), has issued new revenue regulations granting value-added tax…
· 1 min read
Daily TribuneTopic
The Department of Finance (DoF), upon the recommendation of the Bureau of Internal Revenue (BIR), has issued new revenue regulations granting value-added tax…
· 1 min read
The Senior Citizens Partylist has welcomed the Bureau of Internal Revenue’s (BIR) recent enforcement of Value Added Tax (VAT) removal on the sale and purchase…
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As lawmakers in the House of Representatives and the Senate move to pass a bill suspending the excise tax and value-added tax (VAT) on petroleum products, a…
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Exporters are urging the government to reduce the value-added tax on fuel and electricity as rising global oil prices linked to tensions in the Middle East…
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Government officials seeking effective ways to blunt the backlash of the Middle East war on domestic prices said the declaration of a state of national…
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Senator Loren Legarda has unveiled a three-pronged legislative push to lighten the load on Filipino households by overhauling the country’s value-added tax…
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Under the Pantawid Pasada Program, beneficiaries receive subsidies only when the average price of Dubai crude oil for the month reaches $80 per barrel.
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Senators on Thursday proposed several proactive measures to help the public cope with the anticipated economic impact of the escalating conflict in the Middle…
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Imposing a Value-Added Tax (VAT) on system loss charges in electricity bills penalizes consumers for electricity they did not use, raising serious legal and…
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House Assistant Minority Leader and Gabriela Women’s Party Rep. Sarah Elago called for the urgent removal of the 12 percent value-added tax (VAT) on basic…
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The Federation of Philippine Industries (FPI) urged policymakers to take a cautious approach to tax reforms aligned with proposals from the Organisation for…
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CITY OF SAN FERNANDO, Pampanga — Starting March, residents will no longer pay the 12 percent Value-Added Tax (VAT) on their water bills, with full refunds for…
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What is outrageous is the monstrosity of taxing even the food that the aged and persons with disabilities take to nourish their fading life.
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Currently, the Philippines and Indonesia impose the highest VAT in the region at 12 percent, while Cambodia, Vietnam and Laos impose only 10 percent.
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From 12 percent, Senator Erwin Tulfo is pushing to reduce the value-added tax (VAT) to 10 percent, citing the rising inflation.
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Senate President Pro Tempore Panfilo Lacson on Monday underscored that the government’s fight against corruption must serve the interests of all Filipinos —…
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Senate President Pro Tempore Panfilo “Ping” Lacson on Monday emphasized that the government's fight against corruption must serve the interests of all…
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Senior Citizens Partylist Representative Rodolfo “Ompong” Ordanes has expressed full support for the Department of Energy’s (DoE) proposal to remove the Value…
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