Rappler's latest stories on value-added tax
Supreme Court affirms condo dues not subject to tax
The Supreme Court says association dues and other assessment charges do not form part of a condominium corporation's gross income
Indonesia planning 10% tax on foreign digital services
Products and services including video games, music and movie streaming could be subject to the levy, the Indonesian government says
#AskTheTaxWhiz: Documentary requirements for VAT-exempt medicines
The Philippine Tax Whiz discusses the documentary requirements for VAT-exempt medicines
VAT-free starting 2019: Medicines for diabetes, high cholesterol, hypertension
The tax exemption is part of the tax reform law signed in December 2017
#AskTheTaxWhiz: What are the taxes that our food goes through?
The Philippine Tax Whiz discusses the taxes imposed on the food we eat
#AskTheTaxWhiz: Taxes for exporters
Are exporters required to pay value-added tax? The Philippine Tax Whiz explains.
#AskTheTaxWhiz: Taxes for importers
The Philippine Tax Whiz explains the taxes that importers should pay, including the value-added tax on imported goods and certain exemptions
#AskTheTaxWhiz: Paying taxes as a driver for ride-hailing firms
Common carriers tax, percentage tax, or value-added tax? The Philippine Tax Whiz explains.
#AskTheTaxWhiz: VAT or non-VAT taxpayer?
The Philippine Tax Whiz explains when to register as a VAT or non-VAT taxpayer, for the self-employed and professionals
Saudi, UAE introduce VAT in first for Gulf
The other Gulf states – Bahrain, Kuwait, Oman, and Qatar – are also committed to introducing VAT but have delayed the move until early 2019
Senate approves tax reform bill on final reading
Senate Minority Leader Franklin Drilon expects a difficult time in the bicameral conference committee due to polarizing provisions in the Senate and House versions
Senate wants no VAT for P15,000 and below housing rent
This is in contrast to the version of the House of Representatives, which scrapped the P10,000 VAT exemption for housing rent
Gulf states say goodbye to tax-free reputation
The 6 states are now taking austerity measures a step further with the plan to introduce value-added tax, ending their decades-old reputation for being tax havens
BPOs 'safe' from tax reform, sugar-sweetened milk under deliberation
Finance Secretary Carlos Dominguez III says incentives for BPO companies will remain The fate of milk products in the proposed tax reform package however is still up in the air
House passes reform bill, with higher tax rate for 'super-rich'
While HB 5636 will lower personal income tax rate to 25 VAT exemptions will be lifted on several sectors
Duterte certifies tax reform bill as urgent
The House of Representatives could approve the bill on both 2nd and 3rd readings this week
No more lifting of VAT exemptions for cooperatives
Speaker Pantaleon Alvarez agrees to retain the VAT exemptions for cooperatives in the proposed tax reform package at the request of party list representatives
House begins debates on Duterte tax reform package
House ways and means committee chairperson Dakila Cua estimates P157 2 billion in government revenues will be generated from the tax reform package in its first year of implementation
FULL TEXT: Sugar-sweetened beverage taxes promise P47B revenue – Suansing
Nueva Ecija 1st District Representative Estrellita Suansing says collection will be used to assist sugar farmers and fund school based feeding programs
FULL TEXT: Revenue from tax reform to improve Filipinos' lives – Cua
The House ways and means committee chairman says the package aims to generate revenue for social welfare infrastructure education healthcare job generation among others
Higher loan interest rates if VAT exemptions for coops lifted – lawmaker
House committee on cooperative development chairperson Rico Geron says he will oppose the tax reform package if it will include the removal of the VAT exemptions for cooperatives
House committee approves Duterte tax reform package
The House ways and means panel is also eyeing a provision imposing an additional P10 excise tax on sugar sweetened beverages and carbonated drinks
#AskTheTaxWhiz: Is the proposed tax reform package really pro-poor?
The Philippine Tax Whiz shares what the public must know about the Tax Reform for Acceleration and Inclusion TRAIN bill
#AskTheTaxWhiz: Tax on Valentine's?
The Philippine Tax Whiz answers questions about donor s tax sending gifts to loved ones through balikbayan boxes and value added tax
Ex-DOF, NEDA chiefs back Duterte tax reform plan
19 former heads and deputy chiefs of the Department of Finance and the National Economic and Development Authority say the comprehensive tax reform plan would correct the structural weaknesses of the system
VAT-free shopping for PWDs starting Dec 23
The new benefit is on top of the 20 discount PWDs are already entitled to under the Magna Carta for Disabled Persons
Discounts, VAT exemptions now available to PWDs
Social Welfare Secretary Judy Taguiwalo signs the implementing rules and regulations of Republic Act 10754 An Act Expanding the Benefits and Privileges of Persons with Disability
Recto: Why the delay in implementing VAT exemption for PWDs?
The Senate Minority Leader says 7 months since the law was signed concerned government agencies have yet to promulgate its implementing rules and regulations
DOF eyes higher VAT exemption threshold as 'safety net for the poor'
The Department of Finance also defends measures criticized as anti poor – the proposed higher fuel excise tax and the planned removal of certain VAT exemptions
House panel wants tax reform bill passed mid-2017
The House committee on ways and means meets with the Department of Finance to discuss possible changes to the anti poor measures under the proposed tax reform package
DOF tax reform proposal ‘anti-poor’ – lawmakers
Speaker Pantaleon Alvarez also calls out the DOF for failing to include specific proposals to make tax collection more efficient
DOF submits first package of tax reforms to Congress
The first of 4 packages to be submitted includes the restructuring of personal income tax reducing the coverage of VAT exemptions and raising fuel excise tax
Removal of seniors' VAT exemptions 'counter-productive' – lawmakers
In our culture we respect senior citizens So why would we remove the exemption granted to them? asks veteran politician and Northern Samar 1st District Representative Raul Daza
Poor to be shielded from fuel excise tax increase – DOF
Socioeconomic Planning Secretary Ernesto Pernia says now is the best time to adjust fuel excise taxes when crude oil prices are low and impact on inflation is almost negligible
Duterte admin keeping seniors' 20% discount, most VAT exemptions
But the VAT exemption granted to senior citizens when dining in restaurants will be lifted says the DOF because such discounts are usually availed of by affluent senior citizens
Extrajudicial killings, tax reform, Prince | 12PM wRap
Watch the 12PM wRap with Paterno Esmaquel
Gov't tax reform to cost P173.8B in lost revenue
To offset the loss the government is planning a series of measures such as eliminating some VAT exemptions and fiscal incentives
#AskTheTaxWhiz: Updating BIR records from freelancer to employee
Taxpayers who need to update their status from self employed to employee ask about confusing BIR regulations
#AskTheTaxWhiz: Can't we make tax compliance easier?
A taxpayer who owns a small business asks about confusing VAT regulations
Aquino signs law on VAT exemption for PWDs
2ND UPDATE Filipinos with disabilities can breathe a sigh of relief following the signing of Republic Act 10754 which now allows them to fully enjoy their mandated discounts
#AskTheTaxWhiz: How millennials can revolutionize the tax system
What should I do to get started on formal taxes? Can the youth be catalysts for genuine tax reform?
Angara: High taxes may drive Filipino workers to ASEAN neighbors
As ASEAN integration looms Senator Angara fears that the country s high tax will drive skilled workers to look elsewhere in the region
PH tax system turns off foreign investors – Binay
The Vice President says lower income tax rates will draw more foreign investments resulting in more jobs for the people and more revenues for the government
Lower income tax rates? Aquino 'not convinced' it's good idea
UPDATED President Benigno Aquino III says the proposal to raise VAT in exchange for lowering income tax levels will not benefit the majority
Palace: No new or higher taxes, income tax cuts
Communications Secretary Herminio Coloma Jr says the BIR is not proposing higher VAT rates and that the government will only focus on improving tax collection
Sugar prices rise on increased demand and VAT fears
The DTI warns of further price increases as the BIR plans to impose a VAT on raw and refined sugar
#AskTheTaxWhiz: Should I pay VAT for my 2012 non-VAT sales?
Why are they asking me to pay taxes more than my actual income in 2012?
Spend on infrastructure to break PH growth ceiling – World Bank
Increasing excise tax in gasoline plus taking advantage of the current oil price drop could help the country raise revenues for infrastructure spending
#AskTheTaxWhiz: What is a tax refund?
Are all employees eligible to get a refund? Also what is a VAT refund?
#AskTheTaxWhiz: What is ‘Oplan Kandado?’
Also do I have to register with BIR to issue official receipts for my additional compensation? And what is the difference between tax evasion and tax avoidance?