Tuesday, May 19, 2026
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Tag: value-added tax

Binay hails PBBM’s VAT refund offer to foreign tourists

Senator Nancy Binay on Monday hailed the offer by President Ferdinand Marcos Jr. to refund the value-added tax (VAT) collected from foreign tourists. Binay said...

Spain plans to axe VAT to cut inflation

Madrid, Spain—The Spanish government on Tuesday announced a new package of measures worth some 10 billion euros ($10.6 billion) to alleviate the cost of...

Diokno defends 12% VAT on digital transaction

Finance Secretary Benjamin Diokno said Friday the imposition of 12-percent value-added tax on digital transactions is a right move that will level the playing...

Senators file bills on 2nd day of new admin

Senators filed their priority bills on economic recovery on the second day of the turnover of the new administration to President Ferdinand “Bongbong” Marcos...

Bill granting solo parents additional perks and benefits lapses into law

A bill granting additional benefits including subsidies, discounts and value-added tax (VAT) exemptions for solo parents has lapsed into law without the signature of...

Pilipinas Shell agrees to pay P3.49-b taxes ‘under protest’

Pilipinas Shell Petroleum Corp. said over the weekend it will remit “under protest” P3.49 billion to the Bureau of Customs, representing supposed excise and...

House panel OKs higher discounts for seniors bill

The House Committee on Ways and Means on Monday approved a substitute bill increasing the senior citizens’ discount on water and power bills to...

Spanish government feels heat over increasing electricity prices

Madrid, Spain"•Scorching heat has caused power prices to soar in Spain, leading to renewed tensions in the country’s leftist coalition government over how to...

BIR defers VAT collection from exporters’ purchases

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Marcos pushes VAT freeze on oil products

The lingering economic difficulties that arose from  the Covid-19 pandemic has prompted  Senator  Imee Marcos on Tuesday to  call for a one-year suspension of...

BIR starts collecting VAT on local purchases of export companies

The Bureau of Internal Revenue started the collection of value added tax on local purchases by exporting companies to raise additional P33.7 billion for...

Salceda’s panel approves 12 percent VAT on online services

The House of Representatives’ ways and means committee on Wednesday approved a bill imposing a 12-percent value-added tax on digital transactions. Albay Rep. Joey Sarte...

‘Stop issuing unfair remarks vs. ASPAP’

'It's about time everyone worked together instead of making unfair remarks.' This sums up the statement made by Accredited Service Providers Association of PAGCOR (ASPAP)...

Salceda’s digital economy tax bill to raise P29.1-b new revenues to fill Covid-19 gap

House Ways and Means chair Joey Sarte Salceda (Albay, 2nd district) filed a tax bill to better capture the value created by the digital...
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