IN my article at the beginning of the year, I mentioned about the pending bills on taxation that are worthy of consideration and support. These include the Ease of Paying Taxes Act. The bill was ...
Businesses often forgo input VAT credit if the purchase/expense invoice is more than 6 months old (or, 2 months in the case of monthly tax periods). Needless to say, such a tax position results in a ...
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The invoice: How tiny errors sink big VAT claims
In the intricate landscape of Philippine taxation, the Value-Added Tax (VAT) system stands out as one of the most technical and rigorously enforced. For businesses engaged in zero-rated sales, the ...
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