Traveling to the Philippines will be even more fun. Thanks to Republic Act 12079, foreign tourists will be able to score a refund on the value-added tax (VAT) on their purchases, adding an extra treat ...

This Christmas season, should we really stream or use digital services and “chill” following the enactment of RA 12023 or the Value-Added Tax on Digital Services Law last Oct. 18, 2024?

The Philippines has taken a step to boost tourism and enhance the shopping experience for international visitors through ...

THE Bureau of Internal Revenue (BIR) on Tuesday said it exceeded its revised P2.85-trillion collection goal in 2024, mainly driven by value-added tax (VAT) collection. “Although the numbers are still ...

On the eve of a long-anticipated increase in Indonesia’s value added tax (VAT) rate from 11 to 12 per cent, President Prabowo ...

The Bureau of Internal Revenue (BIR) said it might have surpassed its collection goal for the first time in 20 years in 2024 ...

President Ferdinand Marcos Jr. signed into law Republic Act (RA) 12079, also known as the Act Creating a Value-Added Tax (VAT) Refund Mechanism for Non-Resident Tourists. The law introduced a new ...

This is the first time in 20 years that the BIR hit its collection goal, it said. BIR Commissioner Romeo Lumagui praised the agency's employees for improving tax collections. "Our dedication to good ...

On the other hand, non-resident DSPs, which the law defines as digital service providers with no physical presence in the Philippines, must manually or electronically register for VAT to enable ...

The Philippines aims to boost tourism spending, promote local products, and stimulate economic growth through VAT refunds. Photo Credit: Adobe Stock/MilletStudio Philippines' President Ferdinand R.

THE P3,000 ($51) minimum purchase requirement for nonresident tourists to qualify for a value-added tax (VAT) refund is “just right” to ensure small businesses benefit, analysts said.

Congress, in its role as the legislative branch of government, submitted numerous bills to the President for approval. Among ...