Press Release
June 14, 2016

SEN. ANGARA'S STATEMENT ON THE PROPOSED VAT INCREASE

We can look into the proposed increase in value-added tax (VAT) by the Duterte administration but we should take note that the country's 12-percent VAT is already the highest rate in the region. We can also review the list of exemptions from VAT coverage and identify the transactions that should no longer be exempted from VAT.

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