About this document
Understanding VAT in the Philippines by Derek C. Egalla is a document available to read on EtoBox.
The document discusses key concepts and characteristics of value-added tax (VAT) in the Philippines, including: 1) VAT is an indirect tax levied on the sale, barter, exchange or lease of goods or properties and services in the Philippines and on importation of goods. 2) The statutory burden of VAT is on the seller but the economic burden is passed on to the buyer. 3) Persons liable for VAT include those engaged in the sale, barter, exchange or lease of goods/properties or rendering of services in the cours
- Author
- Derek C. Egalla
- Language
- EN