Tuesday, May 19, 2026
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Tag: VAT

Philippines to collect taxes on digital services

President Ferdinand Marcos signed the Value-Added Tax (VAT) on Digital Services Law on Wednesday, expected to bring in P105 billion in revenue over the...

DOT supports bill establishing VAT refund for international visitors

The Department of Tourism (DOT) said Thursday it strongly supports the approval of Senate Bill No. 2415, which aims to establish a value-added tax...

BIR missed 2023 collection goal despite 7% increase in revenues

The Bureau of Internal Revenue (BIR) said Thursday it missed its 2023 revenue collection target mostly because of the revised value added tax (VAT)...

BIR frees 21 drugs for TB, cancer, diabetes, hypertension, kidney disease, mental illness from VAT

At least 21 medicines for cancer, diabetes, hypertension, kidney disease, mental illness, and tuberculosis (TB) are now exempted from value added tax (VAT), the...

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...

Estrada bats for VAT refund for PH tourists

Jinggoy Ejercito Estrada is calling for the legislation of a value-added tax (VAT) refund mechanism for foreign tourists to further boost visitor arrivals in the country. He...

Salceda urges agencies to resolve VAT concerns

Albay Rep. Joey Sarte Salceda has asked the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) to resolve remaining issues with...

Gatchalian files Senate bill to allow VAT refund for foreign tourists

Senator Win Gatchalian has filed a bill seeking to boost foreign tourist arrivals in the country and create more jobs with the establishment of...

POGOs must go

"From my own point of view as a lawyer, the main issue here is sovereignty" Following calls for President Marcos Jr. to ban totally and...

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...

Wealth tax

"While proposals for a wealth tax have been introduced in both houses of our Congress, the group suggests that legislators should undertake bold action...

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...

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 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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