About this document
Overview of Value-Added Tax in the Philippines by Natalie Serrano is a document available to read on EtoBox.
The document provides an overview of value-added tax (VAT) in the Philippines, including definitions, key concepts, and exemptions. It defines VAT as a tax on consumption levied on the sale of goods, properties, services, and importation of goods. VAT is an indirect tax where the liability to pay is on the seller but the burden may be passed on to the buyer. It also outlines the scope of VAT transactions, persons liable, and determinants of transactions considered "in the course of trade or business." Final
- Author
- Natalie Serrano
- Language
- EN