Bits and Snippets of the Philippines

Basic Reading of Global Filipinos

Posts Tagged ‘Value added tax

Increase in VAT Collections Due to Higher Consumer Spending

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The Bureau of Internal Revenue (BIR) recently reported that the increased Value-added Tax (VAT) collections for the first four months of 2009 (10% higher versus last year) was attributed to the rise in consumer spending, despite exemptions in energy and fuel.

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Written by Raffy Pekson II

May 28, 2009 at 2:58 pm