0
World
VAT exemptions eroding tax base, think tank says
May 3, 2026
Scroll
Posted 5 hours ago by
THE Congressional Policy and Budget Research Department (CPBRD) of the House of Representatives said excessive value-added tax (VAT) exemptions are significantly reducing government revenue, and urged policymakers to review and rationalize the slate of tax incentives. In a policy brief, the CPBRD noted that despite the country’s 12 VAT rate, among the highest in ASEAN, []
BusinessWorld Online
Coverage and analysis from Philippines. All insights are generated by our AI narrative analysis engine.
Philippines
Bias: center
People's Voices (0)
Leave a comment
0/500
Note: Comments are moderated. Please keep it civil. Max 3 comments per day.