Can I read VAT Regulations No. 14-05 Overview on EtoBox?
VAT Regulations No. 14-05 Overview by Emil A. Molina is a document available to read on EtoBox.
What is VAT Regulations No. 14-05 Overview about?
The document summarizes key provisions of Revenue Regulations No. 14-05 regarding the consolidated value-added tax regulations of 2005 in the Philippines. It defines terms like "person", "taxable person", "VAT-registered person", and "taxable sale". It outlines that VAT is imposed on the sale, barter, exchange or lease of goods or properties and services in the Philippines and on importation of goods. The seller is statutorily liable for VAT payment but can pass the tax onto the buyer. Certain sales of real
- Author
- Emil A. Molina
- Language
- EN