VAT

The Bureau of Internal Revenue (BIR) has issued a clarificatory revenue memorandum circular (RMC) to clear up confusion over tax exemptions and incentives for...

Exporters are urging the government to consider reducing the 12-percent value-added tax (VAT) on fuel and electricity as escalating tensions in the Middle East...

In the midst of uncertainties on the oil prices in the global market, where in Dubai oil price dropped at 2.9 percent to $80.188...