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VAT cut may reduce revenue by 17% – BIR
The Bureau of Internal Revenue (BIR) warned that the proposed cut in value-added tax (VAT) to 10 percent from 12 percent could significantly affect government revenue, while economists weighed in on ...
MANILA, Philippines — The Bureau of Internal Revenue (BIR) on Friday reminded taxpayers to file and pay their 2024 annual income tax returns simultaneously on or before April 15 to avoid penalties.
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