About this document

Understanding Value-Added Tax (VAT) by Jayvee Felipe is a document available to read on EtoBox.

The document discusses value-added tax (VAT) in the Philippines, including key terms related to VAT, transactions subject to VAT, and exemptions. It provides definitions of output VAT, input VAT, and VAT payable. It also discusses the changes to VAT under the TRAIN Law, such as the increase in VAT rate from 10% to 12%.

Author

Jayvee Felipe

Language

EN