A new value-added tax (VAT) return (form for declaring sales, turnover and other liabilities) would replace the existing combined sales tax and federal excise return from July 1, 2010 under the ...
Republic Act (RA) No. 10963 or the TRAIN Law introduced several major revisions to the National Internal Revenue Code (Tax Code) of 1997. While the law became effective on Jan. 1, 2018, some changes ...
VAT Return/Tax Return is a periodical statement which summarizes the value of the supplies and purchases made by a taxable person during the tax period. It shows the taxable person’s VAT liability i.e ...
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