CAVITE 4th District Rep. Francisco Barzaga has filed a bill that would abolish the 12 percent value-added tax. Barzaga said that the imposition of the VAT has a regressive impact and is an “injustice” ...

As the name suggests, annual reports are due every year in the state in which you're operating your business, though some ...

The National Board of Revenue (NBR) has issued a special order regarding the submission of income tax returns online. According to this order, from the fiscal year 2025-2026, all individual taxpayers ...

Consumers are reporting that the GST rate reductions on essential goods aren't being passed on to them. Overcharging violates the Legal Metrology Act, but consumers can file complaints through the NAA ...

The IRS has unveiled its annual inflation adjustments for the 2026 tax year, rolling out a long list of changes to deductions ...

The UAE is the first country in the world to allow tourists to claim Value Added Tax (VAT) refunds on their online shopping transactions. The initiative, launched last year by the Federal Tax ...

How Sahil Vakil, founder of MYRA, is guiding his clients on reducing their taxes if they have recently started a family.

Did you know that any tourist in the UAE is eligible for VAT refunds on their purchases? The UAE has made it easy for visitors to claim refunds upon their departure from the country. In 2024, the ...

If you are unable to thread MIME format emails, then the chances are Microsoft Outlook has mistranslated them. The good part is, you can modify them so that it can be read and displayed by your email ...

A bill scrapping the imposition of the 12% Value-Added Tax (VAT) on all goods and services has been proposed in the House of Representatives. Cavite 4th District Rep. Francisco “Kiko” Barzaga made the ...

ECONOMISTS and tax experts warned that scrapping the value-added tax (VAT) may trigger a fiscal or even an economic crisis, as the Bureau of Internal Revenue (BIR) collected P487 billion in the first ...

THE GOVERNMENT could raise borrowing and other taxes to offset billions in foregone revenue should it decide to reduce value-added tax (VAT) to 10% from the current 12%, Metropolitan Bank & Trust Co. ...