BIR Regs Implementing RA 8241 on VAT

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Republic Act No. 7716: BIR Regs Implementing RA 8241 on VAT

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Title Supreme Court: BIR Regs Implementing RA 8241 on VAT

Law: Republic Act No. 7716

Decision Date: May 5, 1994

The Expanded Value-Added Tax (VAT) Law imposes a 10% tax on the sale of goods or properties and the sale or exchange of services in the Philippines, with certain exemptions and provisions for registration, invoicing, and withholding.

tax base

national internal revenue code

gross selling price

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