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Tag: VAT exemption

BIR grants VAT exemptions for indigenous natural gas to boost energy security

The Department of Finance and the Bureau of Internal Revenue issued new regulations granting value-added tax exemptions on indigenous natural gas and related power...

Bill eyes stay of seniors’ VAT perk

TWO Bicolano legislators have shot down a proposal by the Organization for Economic Cooperation and Development (OECD) for the government to discontinue exempting senior...

BIR to expedite critical drugs VAT exemption

Finance Secretary Ralph Recto ordered the Bureau of Internal Revenue (BIR) to accelerate the implementation of value-added tax (VAT) exemption on an expanded list...

BIR raises VAT exemption threshold for house-and-lot sales to P3.6 million

The Bureau of Internal Revenue (BIR) increased the value-added tax (VAT) exemption threshold for the sale of house and lot and other residential dwellings...

PEZA assures ecozone locators of continued VAT exemption despite BIR guidelines

The Philippine Economic Zone Authority on Wednesday assured registered business enterprises in economic zones that they would continue to enjoy value-added tax exemption despite...

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,...

Exempting medicine from VAT

"This is a real shot in the arm. "   We hail the Duterte administration for implementing the value-added tax exemption on medication for diabetics, patients with...

VAT cut won’t erode tax take, senator says

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PWDs assured of tax relief; rules firmed up

PEOPLE with disability and their families will be exempted from paying the value- added tax and other deductions following the issuance of the implementing...

PWDs laud VAT exemption

VARIOUS organizations of people with disabilities praised senatorial candidate Leyte Rep. Martin Romualdez for championing the milestone law exempting 1.5-million PWDs from the payment...

Romualdez hopeful on PWD bill

Senatorial candidate and Leyte Rep. Martin Romualdez on Thursday expressed high hopes that President Benigno Aquino III will soon sign the measure exempting persons...
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