Tag: VAT
Spain considers VAT on short-tourism rentals
MADRID — The Spanish government is seeking parliamentary approval for a new 21 percent value added tax on short-term tourism rentals - double the...
DOF releases draft rules for tourists’ VAT refund
The Department of Finance (DOF) has released the draft implementing rules and regulations (IRR) for the law that gives tourists in the Philippines their...
VAT refund to make PH a shopping haven
President Marcos Jr. on Monday signed into a law a measure which the government hopes will position the Philippines as a top shopping destination...
NG posts P6B surplus in Oct
The national government posted a P6.3 billion fiscal surplus in October as the growth in revenues significantly outpaced that of expenditures.
According to a report...
FDA adds 16 drugs to VAT-exempt list
SIXTEEN drug products have been included by the Food and Drug Administration (FDA) in the list of essential medicines exempted from Value-Added Tax (VAT)...
