value added tax – Thinking Port

More than 100 maintenance meds now VAT-free

January 14, 2019 admin Department of Finance, DoF, Headlines, Latest News Stories, maintenance medicines, Metro, tax reforms, train act, value added tax, VAT

Credit to Author: besguerra| Date: Mon, 14 Jan 2019 21:04:04 +0000

More than 100 medicines for diabetes, high cholesterol and hypertension have become cheaper, thanks to the exemption from the 12-percent value-added tax (VAT) these now enjoy under the Tax Reform for Acceleration and Inclusion (TRAIN) Act, the Department of Finance (DOF) said on Sunday.

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Imee Marcos pushes for one-year suspension of VAT

October 19, 2018 admin Inflation, Latest News Stories, local news, Nation, news, Philippine news updates, suspension, value added tax, VAT

Ilocos Norte Gov. Imee Marcos has urged for the immediate one-year suspension of the value added tax (VAT) on basic food commodities, fuel, and electricity to address the skyrocketing inflation in the country.

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