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value-added tax (VAT)

Russia raises taxes to meet Putin’s spending plan

Russian lawmakers on Tuesday passed a bill raising value-added tax (VAT) from 18 to 20 percent from next year to help finance Vladimir Putin's plan to improve healthcare, education and infrastructure.

Dominguez: Duterte backs tax reform

President Duterte has given his full backing to the Comprehensive Tax Reform Program (CTRP), which will play a pivotal role in his government’s ambitious agenda to dramatically reduce poverty, achieve economic inclusion and catapult the…

Lusot! Philrem officials off the hook in tax evasion case

Philrem executives Salud Bautista and her husband Michael can now heave a sigh of relief after the Department of Justice (DOJ) dismissed the tax evasion complaint filed against them by the Bureau of Internal Revenue (BIR).

BIR runs after Philrem for evading P36.51M in taxes

Since they were only paying for value added tax (VAT) instead of gross receipts tax (GRT), Philrem Service Corporation which has been implicated in the laundering of $81 million in stolen Bangladeshi money owes the government P35.61 million…

Bicam OKs bills granting tax breaks to PWDs

A Senate- House panel approved on Tuesday bills granting tax breaks to persons with disabilities (PWDs) and local water districts in time for the approval by President Aquino before Christmas day.

Gatchalian: DOF’s proposal to hike VAT ‘anti-poor’

Valenzuela City Rep. Sherwin Gatchalian has criticized the proposal of the Department of Finance (DOF) to reduce income tax rates while increasing the value-added tax (VAT) rate as part of the government’s plan to reform the tax system.…

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