While the Bureau of Internal Revenue (BIR) recently ironed out some issues on the value-added tax (VAT) zero-rated goods and services made by exporters, the head of the IT and Business Process Association of the Philippines (IBPAP) sees some issues with the list of zero-rated services such as the distinction…
Finance Secretary Carlos Dominguez III is thumbing down the proposed measure seeking to impose tax on the wealthiest individuals in the country, warning that it would scare away investors and encourage tax avoidance schemes.
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