For many years, VAT zero-rating on local purchases was largely associated with enterprises registered with investment promotion agencies (IPAs).

Have you ever heard of a rule so often in school that it simply stayed with you? During my college days, one phrase came up repeatedly in accounting classes: “Do not assume, unless otherwise stated.” ...

When we talk of CREATE MORE (Republic Act No. 12066), we usually refer to the amendments made on the tax incentive rules. But aside from those changes, there are a few provisions of the National ...