Can I read VAT Withholding on OECF Projects on EtoBox?
VAT Withholding on OECF Projects by Google is a document available to read on EtoBox.
What is VAT Withholding on OECF Projects about?
The document clarifies that for projects funded by Japan under an Exchange of Notes, the Philippine government will assume any taxes imposed on Japanese companies and employees working on those projects. Specifically, it clarifies that the Philippine government will assume the 5% final withholding value-added tax (VAT) on payments to Japanese firms for goods and services. This final VAT will be paid out from the government budget and not withheld from payments to the Japanese firms, in accordance with the a
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