The Philippine Tax Whiz discusses the newly-implemented provision for the Quarterly Filing of VAT returns starting January 1, 2023 Yes. Under TRAIN Law, starting from January 1, 2023, the filing and ...
Republic Act (RA) No. 10963 or the TRAIN Law introduced several major revisions to the National Internal Revenue Code (Tax Code) of 1997. While the law became effective on Jan. 1, 2018, some changes ...
The Bureau of Internal Revenue (BIR) is no longer requiring taxpayers to file monthly their value-added tax (VAT) returns. In a statement on Thursday, the BIR said the new policy took effect January 1 ...
VAT Return/Tax Return is a periodical statement which summarizes the value of the supplies and purchases made by a taxable person during the tax period. It shows the taxable person’s VAT liability i.e ...
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