Sunday, May 3, 2026
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Tag: value-added tax

VAT relief pushed amid rising fuel prices

An estimated P14 billion windfall from value-added tax (VAT) collections on petroleum products can be redirected toward direct financial aid for Filipinos affected by...

Piston, Manibela threaten transport holiday on March 26 and 27

Two major transport groups on Monday threatened to stage a nationwide strike from March 26 to 27 – the Thursday and Friday before Holy...

BIR clarifies VAT rules on local sales under CREATE MORE

The Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) issued new regulations to clarify value-added tax rules on local sales for...

Sen. Tulfo files bill to lower 12% VAT

Senator Erwin Tulfo on Sunday announced he is pushing to lower the country’s value-added tax from 12% to 10% to give consumers immediate relief...

Misguided take on VAT

Corruption is our enemy, not taxes. Eradicating corruption in the government is ideal and the goal of every administration. It prevents wastage of public funds. But...

DOF denies VAT hike rumors, accuses solon of spreading ‘fake news’

The Department of Finance (DOF) has publicly asked Cavite Fourth District Rep. Francisco Barzaga to cease disseminating "fake news" regarding a supposed plan to...

Tolentino seeks to make power, internet VAT-exempt

Filipino workers and students may soon see relief from high utility costs as Senator Francis Tolentino filed Senate Bill 2970 to exempt electricity and...

More cancer, diabetes, mental illness meds made VAT-free

The Bureau of Internal Revenue (BIR) has expanded the number of medicines exempted from value-added tax (VAT) in a bid to give financial relief...

Streamlined process under ATA Carnet System to boost PH exports—DTI

Trade Secretary Alfredo Pascual said the newly-launched ATA Carnet System is a “significant leap forward that will empower Philippine exporters to move goods across...

PH addresses Japan firms’ VAT concerns

The Philippine economic team reassured Japanese investors that the proposed changes to tax incentives will address their concerns over value-added tax (VAT) refunds. “CREATE MORE...

BIR adds 20 more medicines to VAT-exempt drugs list

The Bureau of Internal Revenue (BIR) has issued an updated list of value-added tax or VAT-exempt medicines for cancer, hypertension, and mental illness Under Revenue...

VAT exemption threshold for house sales hiked to P3.6m

The Bureau of Internal Revenue (BIR) said Wednesday it increased the value-added tax (VAT) exemption threshold for the sale of house and lot and...

BIR issues rules on optional VAT registration

The Bureau of Internal Revenue (BIR) issued a new regulation on the optional value-added tax (VAT) registration of registered business enterprises (RBEs) classified as...

Solo parents to get 10% off, no VAT on products for kids

Solo parents may soon avail of the 10-percent discount and value-added tax (VAT) exemption on their purchases of essentials such as baby’s milk, diapers,...
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