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Buwis na Value Added Tax (VAT) Buwis 101 

Buwis na Value Added Tax (VAT)

Nagsimula ang Value Added Tax (VAT) sa Pilipinas noong January 1, 1988 dahil sa Executive Order No. 273, ADOPTING A VALUE-ADDED TAX, AMENDING FOR THIS PURPOSE CERTAIN PROVISIONS OF THE NATIONAL INTERNAL REVENUE CODE, AND FOR OTHER PURPOSES, ni dating pangulong Corazon C. Aquino na isinulat niya noong July 25, 1987.  Ayon sa kanyang utos, lahat ng mga pangungunahing bilihin ay magkakaroon ng 10% VAT o buwis. Ngunit ang 10% VAT ay naging 12% dahil sa pagpapatupad ng batas na Republic Act No. 9337, AN ACT AMENDING SECTIONS 27, 28, 34,…

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Republic Act No. 9337 Batas Republic Act 

Republic Act No. 9337

REPUBLIC ACT NO. 9337 AN ACT AMENDING SECTIONS 27, 28, 34, 106, 107, 108, 109, 110, 111, 112, 113, 114, 116, 117, 119, 121, 148, 151, 236, 237 AND 288 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, AND FOR OTHER PURPOSES Be it enacted by the Senate and the House of Representatives of the Philippines in Congress assembled: Section 1. Section 27 of the National Internal Revenue Code of 1997, as amended, is hereby further amended to read as follows:   “SEC. 27. Rates of Income Tax…

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Executive Order No. 273 Batas Executive Order 

Executive Order No. 273

EXECUTIVE ORDER NO. 273 July 25, 1987 ADOPTING A VALUE-ADDED TAX, AMENDING FOR THIS PURPOSE CERTAIN PROVISIONS OF THE NATIONAL INTERNAL REVENUE CODE, AND FOR OTHER PURPOSES WHEREAS, there is a need to rationalize the present system of taxing goods and services by imposing a multi-stage value-added tax to replace the tax on original and subsequent sales tax and percentage tax or certain services; WHEREAS, the adoption of value-added tax is one of the structural reforms provided in the 1986 Tax Reform Program which is designed to simplify tax administration…

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