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  2. Taxation in the Philippines - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_Philippines

    The value-added tax (VAT) rate since 2006 is 12%. [2] [5] The new VAT threshold was changed from Php 1,919,500 to Php 3,000,000 [6] [7] as a result of the passage of the Tax Reform for Inclusion and Acceleration (TRAIN) Law.

  3. Tax Reform for Acceleration and Inclusion Law - Wikipedia

    en.wikipedia.org/wiki/Tax_Reform_for...

    "TRAIN aims to clean up the VAT system to make it fairer and simpler and lower the cost of compliance for both the taxpayers and tax administrators". [25] As such, VAT exemptions are now only limited to health, education and raw agriculture food. In 2019, medicines for hypertension, high cholesterol and diabetes will be exempted from VAT.

  4. Fiscal policy of the Philippines - Wikipedia

    en.wikipedia.org/wiki/Fiscal_policy_of_the...

    The Expanded Value Added Tax (E-VAT), is a form of sales tax that is imposed on the sale of goods and services and on the import of goods into the Philippines. It is a consumption tax (those who consume more are taxed more) and an indirect tax, which can be passed on to the buyer. The current E-VAT rate is 12% of transactions.

  5. Philippines levies 12% VAT tax on digital services by tech giants

    www.aol.com/news/philippines-levies-12-vat-tax...

    The Philippines will impose a 12% value-added tax (VAT) on digital services offered by tech giants such as Amazon, Netflix, Disney, and Alphabet, in a move that will level the playing field with ...

  6. List of countries by tax rates - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by_tax_rates

    Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.

  7. Value-added tax - Wikipedia

    en.wikipedia.org/wiki/Value-added_tax

    Anyone who collects VAT becomes a VAT Trustee if they: register and collect a Business Identification Number (BIN) from the NBR; submit VAT returns on time; offer VAT receipts; store all cash-memos; and use the VAT rebate system responsibly. VAT Mentors work in the VAT or Customs department and deal with trustees. The VAT rate is a flat 15%.

  8. Prince Andrew's Business Adviser Accused of Being 'Chinese ...

    www.aol.com/lifestyle/prince-andrews-business...

    Prince Andrew is at the center of more controversy.. The Duke of York, 64, who is King Charles' brother, reportedly had close business links with a Chinese national, who is alleged to be a spy ...

  9. My Husband's Grandpa Cracked the Code to the Best-Ever ... - AOL

    www.aol.com/lifestyle/husbands-grandpa-cracked...

    A traditional snickerdoodle recipe includes unsalted butter, granulated sugar, eggs, all-purpose flour, cream of tartar, baking soda and salt.