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What are the advantages and disadvantages of expanded value added tax in the Philippines?
Wiki User
∙ 12y ago
the advantage of Tax law in the Philippines ,is that it helps too generate all the programs of the government that benefits the community too....
the Disadvantage is when the government tries to implement this taxation the income of each persons decreases including Alipe
Wiki User
∙ 12y ago
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Expanded value added tax?
Expanded value added tax is a form of sales tax that is assessed on the sale of goods or services of items imported into the Philippines. It is considered a consumption tax and is currently at 12 percent.
Extended value added tax?
The extended value added tax is a new law that was passed in the Philippines in 2005. This law adds taxes to petroleum, electricity, and other services.
What are the advantages and disadvantages of manual registers?
I added a related link to an article I wrote entitled "Why Use A Manual Register?". This is assuming that the question is about manual registers for tracking financial transactions. I myself was surprised to discover that manual registers had certain advantages over personal finance software. My article does not propose that manual registers can replace such software, but they can solve areas in which the software is lacking (which are described in full in the article), and thus serve to enhance the overall, otherwise digital, accounting process of managing your personal finances.
How much is the VAT in the Philippines?
SEC. 106. Value-Added Tax on Sale of Goods or Properties. -(A) Rate and Base of Tax. - There shall be levied, assessed and collected on every sale, barter or exchange of goods or properties, value-added tax equivalent to ten percent (10%) of the gross selling price or gross value in money of the goods or properties sold, bartered or exchanged, such tax to be paid by the seller or transferor.
Value-Added Tax - VAT history in the Philippines?
The VAT was first introduced in the Philippines in 1988, and replaced various indirect taxes such as the annual fixed tax, original sales tax on manufacturers and producers, and more. It has been revised 4 times, in 1996, 1997, 1998, and 2005, to expand its coverage and replacement of indirect taxes, improve the system, and reform the tax system in general. In 2005, the Supreme Court ruled the VAT system was constitutional.
What is Evat in the Philippines?
expanded value added tax ni senator recto
What are the advantages and disadvantages of economic value added?
Less centric to the stake holder.
Expanded value added tax?
Expanded value added tax is a form of sales tax that is assessed on the sale of goods or services of items imported into the Philippines. It is considered a consumption tax and is currently at 12 percent.
What are the advantages and disadvantages of a bill?
Advantages .open invioce methods is that it is conducive to offering discounts for prompt payments. Disadvantages .open invoice methods is the added complexity required to main information about the status
The advantages and disadvantages of international tourism?
Advantages to international tourism include more customers for area businesses, and more money being brought into the economy. Disadvantages include added traffic, noise, and people.
What is the importance of expanded value added tax?
we have a debate about the 12% value added taw here in the Philippines i just to know that wat are the importance of value added tax to us?
What are the advantages and disadvantages in processed food?
There are many disadvantages of food processing such as decreased nutrients and added fats and sugars. They is also more of a risk for contamination to spread.
What were the advantages and disadvantages of living in the colony of Pennsylvania?
I knwo an advantage is that the colony was concidered the leader in agriculture, they made a lot of surplus for export and trade, and that added on to the wealth of the colony and people
What is the meaning of vats?
Expanded Value Added Tax
What do you mean by evat?
Expanded Value Added Tax
When was Philippines added to the US?
1898
What are the avantages and disadvantages of being a prefect?
Advantages: Leadership experience and development. Opportunity to make a positive impact on the school community. Increased respect from peers and teachers. Disadvantages: Increased responsibilities and workload. Potential for added stress and pressure. Possible resentment or isolation from peers.
