Are you a business owner or a skilled professional practicing your craft? If so, it’s essential to understand and fulfill your tax obligations. One of these obligations involves paying taxes in the form of either a percentage tax or a value-added tax (VAT). Whether you fall under the category of a Non-VAT or VAT-registered taxpayer,… Continue reading Unlock How to Compute VAT Payable in the Philippines
The Presidential Communications Office (PCO) announced last January 29 that President Ferdinand Marcos Jr green-lighted a new Value Added Tax (VAT) program for tourists. The primary objective of this endeavor is to attract more visitors to the country. The new tax relief program for foreigners is slated to be in effect by 2024. Currently,… Continue reading Value Added Tax (VAT) Refund on the Horizon for Foreign Guests in 2024
