About this document
RMC 42-99 VAT On OECF by Leizlyn Ann De Ocampo is a document available to read on EtoBox.
The document discusses tax treatment for Japanese contractors and nationals working on projects funded by the OECF in the Philippines. It states that per an exchange of notes, the Philippine government will assume taxes imposed on the Japanese firms and nationals. It provides guidance that the executing government agencies will shoulder taxes including VAT and income tax, and Japanese contractors should file appropriate tax returns but are not required to pay taxes.
- Author
- Leizlyn Ann De Ocampo
- Language
- EN