To promote small business growth, the tax authority recommends amending tax laws to increase the exemption threshold for VAT ...

The VAT exemptions apply to the sale by manufacturers, distributors, wholesalers and retailers of medicines. The VAT exemption aims to make medicines more affordable to consumers, the BIR said. BIR ...

One of the key reforms under Create More, as implemented by Revenue Regulations (RR) 10-2025 and Revenue Memorandum Circular 37-2025, is the shift from requiring original documents to allowing the ...

The Bureau of Internal Revenue (BIR) has issued a memorandum including 10 medicines in the list of drugs exempted from ...

The government’s latest tax policy is facing strong resistance from both civil society and lawmakers following the announcement of a 15% VAT on non-life insurance premiums set to take effect on ...

The government will gradually withdraw the existing VAT exemption at the production stage for several household appliances, such as washing machines, microwave ovens, blenders, juicers, and rice ...

There were 11,000 fewer pupils at private schools in England this January compared to the same time last year, according to the latest school census data. The figures, released on Thursday, come ...

Explore key GST rulings from May 2025, covering ITC denial, SCN challenges, involuntary payments, cross-examination rights, SCN validity, penalty for e-way bill errors, and condonation of delay in ...

Under Paragraph 1(a)(e) of the Third Schedule to the VAT Act, such equipment is VAT-exempt. But URA taxed it anyway, claiming the ferry wasn’t "machinery," that EAMT wasn’t in logistics, and ...