Lower VAT rate possible after tax overhaul — DOF | Business, News, The Philippine Star | philstar.com

The Department of Finance (DOF) said over the weekend it is possibile to lower the value-added tax (VAT) rate in the Philippines from the current 12 percent once the government is able to clean up the tax system and plug leakages caused by the numerous VAT exemption privileges under the law.

Source: Lower VAT rate possible after tax overhaul — DOF | Business, News, The Philippine Star | philstar.com

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