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VAT in the PHILIPPINES

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VAT IN THE PHILIPPINES The VAT system in the Philippines took effect on 1Jan1988 by virtue of the then President Cory Aquino’s Executive Order (EO) No. 273, the law adopting the VAT as implemented by RR No. 05-87 at the rate of ten percent (10%) on all taxable transactions. The tax rate was increased to twelve percent (12%) starting 1Feb2006 by virtue of RA No. 9337 as implemented by RR No. 16-2005 as amended by RR No. 04-07. VAT is an indirect tax and the amount of tax may be shifted to or passed on to the buyer, transferee, or lessee of goods, properties or services. It is a tax on consumption of goods, services or other dealings involving the same. It forms a significant portion of consumers expenses. It is a “tax credit method” wherein the Input VAT paid or incurred by a VAT-registered entity is creditable against the Output VAT which it shifts to or passes on to another VAT-registered entity or buyer-end-user. In other words, Output VAT minus Input VAT. Under the sa...
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🇵🇭TAXES are the Lifeblood of the Nation. Without it, the Government will be Paralyzed for Lack of Motive Power to Run its Affairs.

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🇵🇭#TAXES are the lifeblood of the nation. Without it, the government will be paralyzed for lack of motive power to run its affairs. However, taxation must be equitable (i.e. that burden of tax should fall on those better able to pay). With the outbreak of the COVID-19 crisis currently plaguing our country, tax collection will surely drop. Perhaps these proposals could help enhance and improve government's tax revenue and cash flows sans added burden to the Filipino people: 🎇Provide a mechanism for an efficient monitoring of VAT compliance of Real Estate Developers. 🎇Employ a devise for an efficient monitoring of VAT compliance of other taxpayers, whether or not engaged in real estate business but sell, transfer, or dispose of real properties subject to value-added tax. 🎇Collect advance VAT on sale or other disposition of real properties under the circumstances which warrant the imposition of VAT, in the event the fair market value of such real property being ...
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Had it not for Othello Dalanon's Expose of the Dunkin' Donuts Tax Anomaly, President Duterte would not have Learned about it

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Dunkin' Donuts Billion-Peso Tax Evasion Issue. Had it not for Othello Dalanon's expose of the Dunkin' Donuts tax anomaly, President Duterte wouldn't have learned about it. 🇵🇭 🔆Background Othello Dalanon, a certified public accountant, served the government for more than a quarter of a century with a humble beginning as a Janitor-Messenger who became an anti-corruption crusader in the Bureau of Internal Revenue (BIR) where he spent the great years of his life as a lowly revenue officer. He is the former BIR revenue officer who conducted the tax audit of the 2007 financial records of Golden Donuts, Inc. (GDI), the exclusive Philippine Franchisee of the global brand "DUNKIN' DONUTS" owned by the Rufino-Prieto clan of the Philippine Daily Inquirer (PDI), that culminated in the doughnut company's P1.56 billion deficiency tax liabilities which the then Commissioner of Internal Revenue Kim S. Jacinto-Henares intentionally failed to either coll...
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🇵🇭PRRD: "Report the Truth Even if it Destroys Me."

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🇵🇭PRRD: "Report the truth even if it destroys me." ✅The TRUTH: PRRD failed to make good his words. He promised to rid the government of corruption, particularly the Bureau of Internal Revenue (BIR) which he even tagged as the most corrupt government agency. But corruption in the said agency has even WORSENED under the administration of his friend and former YMCA Dormitory room mate #BIR commissioner #CaesarRiveraDulay. It's been more than two (2) years now since President Duterte was officially informed of the corruption issue involving BIR commissioner #CaesarRiveraDulay thru the former BIR Director Othello Dalanon’s letter-report, but the President still remains mum about it. The BIR DULAY CORRUPTION has also been publicly exposed via - ✅Social media or Facebook postings; ✅Publication in MSM: ▪️The Manila Times by Mr Ramon T. Tulfo ▪️GMA News Online by Mr. Flor Taguinod ✅Mass actions held by RDRG at - ▪️BIR National Office in Quezon City ▪️Philip...
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D'TALK:. PRRD: "I Do Not Tolerate Corruption in My Administration."

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🎇D'TALK:. PRRD: "I do not tolerate corruption in my administration." ✅D'TRUTH: PRRD tolerates Dulay corruption. It's been more than two (2) years now since President Duterte was officially informed of the corruption issue involving BIR commissioner #CaesarRiveraDulay thru the former BIR Director Othello Dalanon’s letter-report, but the President still remains mum about it. The BIR DULAY CORRUPTION has also been publicly exposed via - ✅Social media or Facebook postings; ✅Publication in MSM: ▪️The Manila Times by Mr Ramon T. Tulfo ▪️GMA News Online by Mr. Flor Taguinod ✅Mass actions held by RDRG at - ▪️BIR National Office in Quezon City ▪️Philippine Senate in Pasay City ▪️National Press Club in Manila ▪️Mendiola (Front of Malacanang Gate) With all these discourses, it is believed to be infeasible that the President still doesn't know about the issue. His deafening silence on Dulay's case clearly demonstrates tolerance despite the...
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D'TALK:. PRRD: "Ang BIR, an Institution Known to be Corrupt since Time Immemorial, Kailangan Huminto na Kayo."

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🎇D'TALK:. PRRD: "Ang BIR, an institution known to be corrupt since time immemorial, kailangan huminto na kayo." ✅D'TRUTH: BIR corruption worsened under the administration of PRRD’s friend and appointee commissioner Dulay. It's been more than two (2) years now since President Duterte was officially informed of the corruption issue involving BIR commissioner #CaesarRiveraDulay thru the former BIR Director Othello Dalanon’s letter-report, but the President still remains mum about it. The BIR DULAY CORRUPTION has also been publicly exposed via - ✅Social media or Facebook postings; ✅Publication in MSM: ▪️The Manila Times by Mr Ramon T. Tulfo ▪️GMA News Online by Mr. Flor Taguinod ✅Mass actions held by RDRG at - ▪️BIR National Office in Quezon City ▪️Philippine Senate in Pasay City ▪️National Press Club in Manila ▪️Mendiola (Front of Malacanang Gate) With all these discourses, it is believed to be infeasible that the President still doesn'...
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D'TALK: Senator Bong Go Nanawagan sa Publiko na Magsumbong ng CORRUPTION

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🎇D'TALK: Senator Bong Go nanawagan sa publiko na magsumbong ng CORRUPTION. ✅D'TRUTH: Ang magsumbong SIBAK tulad sa nangyari kay dating BIR Director OTHELLO DALANON 👊👊👊 It's been more than two (2) years now since President Duterte was officially informed of the corruption issue involving BIR commissioner #CaesarRiveraDulay thru the former BIR Director Othello Dalanon’s letter-report, but the President still remains mum about it. The BIR DULAY CORRUPTION has also been publicly exposed via - ✅Social media or Facebook postings; ✅Publication in MSM: ▪️The Manila Times by Mr Ramon T. Tulfo ▪️GMA News Online by Mr. Flor Taguinod ✅Mass actions held by RDRG at - ▪️BIR National Office in Quezon City ▪️Philippine Senate in Pasay City ▪️National Press Club in Manila ▪️Mendiola (Front of Malacanang Gate) With all these discourses, it is believed to be infeasible that the President still doesn't know about the issue. His deafening silence on Dul...
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