Sen. Loren Legarda Calls for Basket of Good News for Filipinos amid the “Crisis” LOREN LEGARDA – The Senator questioned the 12% VAT implemented in canned goods and sardines citing the same tax in luxury bags. The Philippines is currently under a State of National Energy Emergency as declared by President Bongbong Marcos amid the … Read more
House Panel Approves Proposed 12 Percent VAT on Some Digital Transactions The House Panel Wednesday, approved the bill seeking to give 12 percent VAT in every transaction made on some digital platforms. The House Committee on Ways and Means has approved the bill seeking a 12 percent value-added tax (VAT) on digital transactions in the … Read more
House Committee Okays VAT On Digital Transactions VAT ON DIGITAL TRANSACTIONS – The House Committee on Ways and Means recently approved a bill imposing a 12% VAT on digital transactions. This would mean that shopping online and streaming Netflix shows would be more costly amid the COVID-19 pandemic. According to CNN Philippines, the said panel, … Read more
The Philippine Senate has unanimously approved on third and final reading a bill that seeks to exempt persons wth disabilities (PWDs) from paying the mandatory 12 percent value added tax (VAT) on goods and services. According to Sen. Sonny Angara, chairman of the Senate committee on ways and means, no senator objected when the Senate … Read more