VAT Philippines: Understanding Value Added Tax for Filipinos - The Pinoy OFW
thepinoyofw.com
VAT Philippines: Understanding Value Added Tax for Filipinos - The Pinoy OFW
Filipino taxpayers deserve to have a clear understanding of how VAT Philippines works and how it will affect them. Read on.
Oct 28, 2022
Value-added Tax Explained
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✨ Know Your Taxes! ✨ Ever wondered what VAT is? 🤔 VAT = Value-Added Tax ✅ is a type of sales tax in the Philippines. It is imposed on the sale, barter, exchange, or lease of goods and services, as well as on imported goods. ✅ it is an indirect tax—meaning it can be passed on to the buyer, transferee, or lessee. Every time you shop, dine, or avail services, VAT is right there on your receipt. ✔️ 👉 Want to know more about your taxes? Like and Follow us! 🔎📲 #BIR #KnowYourTaxes #BIRTrivia #TaxFa
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