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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. Philippines levies 12% VAT tax on digital services by ... - AOL

    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 ...

  4. Bureau of Internal Revenue - Wikipedia

    en.wikipedia.org/wiki/Bureau_of_Internal_Revenue

    The adoption of the VAT system was one of the structural reforms provided for in the 1986 Tax Reform Program, which was designed to simplify tax administration and make the tax system more equitable. It was also in 1988 that the Revenue Information Systems Services Inc. (RISSI) was abolished and transferred back to the BIR by virtue of a ...

  5. Value-added tax - Wikipedia

    en.wikipedia.org/wiki/Value-added_tax

    A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)) is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared with, a sales tax .

  6. Sales tax - Wikipedia

    en.wikipedia.org/wiki/Sales_tax

    Value added tax (VAT), in which tax is charged on all sales, thus avoiding the need for a system of resale certificates. Tax cascading is avoided by applying the tax only to the difference ("value added") between the price paid by the first purchaser and the price paid by each subsequent purchaser of the same item.

  7. Free Tax Filing Is Possible with These 8 Handy Tools

    www.aol.com/free-tax-filing-possible-8-150000386...

    Here’s another offering backed by Liberty Tax: ESmart Tax offers free e-filing of 1040EZ and state forms. Both FreeTax and ESmart are solid options if you feel more comfortable with the Liberty ...

  8. Tax Reform for Acceleration and Inclusion Law - Wikipedia

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

    The government's aim to elevate the less fortunate in the Philippines and drive development is exemplified as the TRAIN repeals 54 out of 61 of the non-essential VAT exemption. In order to protect these less fortunate persons, as well as small and micro businesses, they are exempted from VAT on goods and services of marginal establishments.

  9. Tax noncompliance - Wikipedia

    en.wikipedia.org/wiki/Tax_noncompliance

    Intentionally filing a false tax return (a separate crime in itself) [25] could constitute an attempt to evade the assessment of the tax, as the Internal Revenue Service bases its initial assessment (i.e., the formal recordation of the tax on the books of the U.S. Treasury) on the tax amount shown on the return.