Secretary of the Department of Finance of the Philippines Proposes a Raise on Value-Added Tax Rate to the New Government

[2010-05-27 09:34:02]


According to a report from a Philippine commercial newspaper, Mr. Teves, Secretary of the Department of Finance of the Philippines proposes to the new Government to raise the tax rate of value-added tax to 15% from previous 12% so as to increase revenue and cut budget deficit.
Source: ETCN
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