From the present 12 percent, Senator Panfilo Lacson wants to reduce the value-added tax (VAT) rate on goods and services to the previous 10 percent. “Among my proposed individual amendments is to ...
LOWERING the value-added tax (VAT) rate to 10 percent would trigger a chain of economic and fiscal consequences, according to a top official from the Department of Finance (DOF). Speaking at the ...
The European Union's "VAT in the Digital Age" (ViDA) reform package, approved by the ECOFIN Council on November 5, 2024, is set to bring major updates to the EU VAT system. For businesses outside the ...
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