+ Follow VAT Tag
VAT
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[results] => Array
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[0] => Array
(
[ArticleID] => 2347910
[Title] => Streamlining the Philippines’ tax regime by taxing digital services
[Summary] => It is undeniable that we are currently living in a dynamic landscape of the digital era.
[DatePublished] => 2024-04-16 00:00:00
[ColumnID] => 136078
[Focus] => 1
[AuthorID] => 1808176
[AuthorName] => Randel Rainer A. Leander
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 2345072
[Title] => World Bank recommends review of VAT exemptions
[Summary] => A review of value-added tax exemptions can help the Philippines improve tax collections without having to increase tax rates, according to the World Bank.
[DatePublished] => 2024-04-04 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1473425
[AuthorName] => Louella Desiderio
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2024/04/03/42023-11-1720-09-44_2024-04-03_23-53-01813_thumbnail.jpg
)
[2] => Array
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[ArticleID] => 2342265
[Title] => Hong Kong, Philippines work to enhance relations
[Summary] => Filipinos are slowly beginning to travel back to Hong Kong following continued efforts by the Hong Kong Economic and Trade Office to woo tourists from the Philippines, as well as renew and improve trade and economic ties between the two nations following the COVID-19 pandemic.
[DatePublished] => 2024-03-22 00:00:00
[ColumnID] => 136318
[Focus] => 1
[AuthorID] => 1805266
[AuthorName] => Marianne Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 2338987
[Title] => BIR expands list of meds exempted from VAT
[Summary] => The Bureau of Internal Revenue has issued the updated list of value-added tax-exempt medicines for various diseases such as cancer and hypertension.
[DatePublished] => 2024-03-08 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1475310
[AuthorName] => Louise Maureen Simeon
[SectionName] => Headlines
[SectionUrl] => headlines
[URL] => https://media.philstar.com/photos/2024/03/08/42024-01-3022-01-44_2024-03-08_00-01-36784_thumbnail.jpg
)
[4] => Array
(
[ArticleID] => 2327729
[Title] => Write-off, tax-off
[Summary] => Most companies have an enormous balance of accounts receivable in their financial statements.
[DatePublished] => 2024-01-23 00:00:00
[ColumnID] => 136078
[Focus] => 1
[AuthorID] => 1808086
[AuthorName] => James Eliud G. Santos
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2024/01/22/7_2024-01-22_19-46-33602_thumbnail.jpg
)
[5] => Array
(
[ArticleID] => 2316446
[Title] => ‘Philippines VAT must align with international standards’
[Summary] => The Philippines should align the proposed value-added tax on digital transactions with international standards to ensure permanent gains in the long run, according to the Asia Internet Coalition.
[DatePublished] => 2023-12-05 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] => 1097197
[AuthorName] => Lawrence Agcaoili
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2023/12/04/3_2023-12-04_19-45-46408_thumbnail.jpg
)
[6] => Array
(
[ArticleID] => 2314755
[Title] => EDITORYAL — Habulin din ng BIR ang ‘malalaking isda’
[Summary] => NAGBABALA ang Bureau of Internal Revenue (BIR) sa social media influencers, vloggers at content creators na dapat magbayad ng buwis para hindi sila makasuhan.
[DatePublished] => 2023-11-28 00:00:00
[ColumnID] => 0
[Focus] => 1
[AuthorID] =>
[AuthorName] =>
[SectionName] => PSN Opinyon
[SectionUrl] => opinyon
[URL] => https://media.philstar.com/photos/2023/11/27/comics_2023-11-27_21-57-29666_thumbnail.jpg
)
[7] => Array
(
[ArticleID] => 2314826
[Title] => Taxes and economic development
[Summary] => There is a proposed huge real estate tax increase in Cebu City that will quadruple the tax for residential lots and up to 11 times for commercial properties.
[DatePublished] => 2023-11-28 00:00:00
[ColumnID] => 134206
[Focus] => 1
[AuthorID] => 1722513
[AuthorName] => Ruben Almendras
[SectionName] => Freeman Opinion
[SectionUrl] => opinion
[URL] =>
)
[8] => Array
(
[ArticleID] => 2312954
[Title] => Know more about VAT!
[Summary] => One of the challenges that companies face is how to properly apply for tax refund or credit. Similar to tax exemptions, claims for tax refund or credit may be perceived as pro-government rather than working to the advantage of taxpayers, as the burden of proof rests with the taxpayer having the responsibility to provide evidence that supports its entitlement to such refund or credit.
[DatePublished] => 2023-11-21 00:00:00
[ColumnID] => 136078
[Focus] => 1
[AuthorID] => 1808007
[AuthorName] => Angellica Velasquez
[SectionName] => Business
[SectionUrl] => business
[URL] => https://media.philstar.com/photos/2023/11/20/9_2023-11-20_18-50-1036_thumbnail.jpg
)
[9] => Array
(
[ArticleID] => 2288618
[Title] => No more ‘VAT nga ba ang hirap?’
[Summary] => In an article published by the International Monetary Fund in 2021 entitled How To Manage Value-Added Tax Refunds, value-added tax is described as “one of the most important taxes in the world, both in terms of its global adoption and revenue-generating potential” and that it is an “attractive tax” because of its potential for generating significant government revenue and intrinsic self-enforcement capacity. Nevertheless, the article highlighted that refunding excess input credits is challenging for many tax administrations and can easily undermine VAT operations.
[DatePublished] => 2023-08-15 00:00:00
[ColumnID] => 136078
[Focus] => 1
[AuthorID] => 1807864
[AuthorName] => Ryan Jayson Labiaga
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
November 28, 2023 - 12:00am
