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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?
Wiki User
∙ 12y ago
Wiki User
∙ 13y agoIt aims to generate additional government revenue.
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What do you mean by evat?
Expanded Value Added Tax
What is the meaning of vats?
Expanded Value Added Tax
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 is the meaning of E- VAT?
Expanded Value Added Tax
What is Evat in the Philippines?
expanded value added tax ni senator recto
What is the difference between vat and e-vat?
VAT (value added tax) is a utilized tax on products applied in every stages of production, from raw components to finished products. EVAT (expanded value added tax) is the same as VAT, but with a higher tax collection.
What is the prospect of value added tax in Nigeria?
What is the prospect of value added tax in Nigeria?"
What is extended value added tax?
According to Dimaampao (2005), "taxation is a mode of raising revenue for public purposes. It is not given voluntarily, but is implementing by laws. The people are obliged to pay taxes in proportion to their income or some other source. A good example of tax is the Expanded Value-Added Tax (EVAT), which was fully implemented last November 1, 2005. Expanded Value-Added Tax (EVAT) from the definition itself is a value added tax that increases in its scope. It simply means the increase of tax, which is being paid by the people. This is where the government gets the fund for its program for the country. This law extends the tax base to include the fuel, electricity and transport industries. However, the old value added tax (VAT) law covered most food industries. Compared EVAT with the old one, EVAT increased the tax at rate of 12% unlike the VAT, which is 10% only.
What has the author James M Bickley written?
James M. Bickley has written: 'Flat tax proposals' -- subject(s): Flat-rate income tax 'Value-added tax as a new revenue source' -- subject(s): Value-added tax 'A value-added tax contrasted with a national sales tax' -- subject(s): Use tax, Value-added tax
What is Reformed Value Added Tax in the Philippines?
The Reformed Value Added Tax in the Philippines is a consumption tax. The tax is paid on the purchase price. The abbreviation is RVAT.
Are you in favor of value added tax?
no! no!
Full form the VAT?
Value Added Taxvalue added tariffVAT is the abbreviation for "Value added Tax"-------------------------------------- ------ ----------------------------------------------
