Value Added Tax (VAT) under Train Tax Law
New tax base for value-added tax (vat) under train law from 1,919,500 to 3, 000,000 threshold with the same tax rate of 12%.
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TAXGURO
Tax Expertise at Your Fingertips – Plan Better, Save More!
Tag VAT train law
Approved Train Law of the New Philippine Tax Reform 2020
Here are the lists of 13 approved tax reform in 2018 under the RA 10963 signed by the President of the Republic of the Philippines and implemented on the 1st day of January 2018. This update includes the new income tax rates, documentary stamp tax, donor's tax rate, estate tax, excise taxes, fringe and de minimis benefits and other approved train tax law reform.