THE Philippine Chamber of Commerce and Industry (PCCI) welcomed the enactment of Republic Act (RA) 12023, which imposes a 12-percent value-added tax (VAT) on foreign digital service providers (DSPs), ...

Two consumer rights groups criticized the government’s latest move to impose a 12 percent value added tax (VAT) on the digital services and products of foreign firms, marking a strong pushback from ...

An International Monetary Fund (IMF) mission underscored the need for new tax measures to bolster revenue collection and ...

[5] It was submitted that as per provisions under Section 75 of the GVAT Act, the Tribunal could not have passed an order of pre-deposit and on failure thereof, ought not to have dismissed the ...

The Madras High Court stated that if notice for completing assessment issued within limitation, then assessment order is ...

Accounting is the backbone of any successful business as well as an essential tool for managing personal finances Whether youre an individual navigating personal taxes or a business handling invoices ...

The law allows the BIR to collect VAT on digital services, including digital media, digital music, digital video games, video-on-demand and digital ads ...

Steep price cuts helped to lift U.K. battery-electric vehicle registrations to a record in September, but the market share of ...

A parent from an independent primary school, which has gone into administration, said the closure had a devastating impact on ...

Sri Lanka's current gross foreign exchange inflows have exceeded imports of 2,411 million dollars in August have exceeded ...

Determined to arrest the spate of divestments in the nation’s oil and gas sector, the Federal Government (FG) has announced ...

A delegation led by the Director of the International Monetary Fund's Asia Pacific Department, Krishna Srinivasan is visiting ...