The Bureau of Internal Revenue (BIR) has issued the updated list of value-added tax (VAT)-exempt medicines for various ...

SEVERAL medicines for diabetes, hypertension, high cholesterol and mental illness have been exempted from value-added tax (VAT) by the Bureau of Internal Revenue (BIR). Internal Revenue Commissioner ...

THE Bureau of Internal Revenue (BIR) pinned its higher first quarter collection to the compliance of big companies with the value added tax (VAT) ecosystem. On the sidelines of the last day of tax ...

B2B Transactions For this type of transaction, the obligation to file and pay the VAT lies with the buyer. For purchases of goods from economic zones or freeports, these are to be filed and paid per ...

PHILIPPINE STAR/RUSSELL PALMA THE Bureau of Internal Revenue (BIR) said it collected P643.85 billion in value-added tax (VAT) revenue last year, up 35.48%. VAT is a 12% levy on the sale, barter, ...