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Tax Law Amendments RA 9337 2005

Republic Act No. 9337 May 24, 2005

The Value-Added Tax (VAT) Reform Act requires individuals and businesses to register with the appropriate Revenue District Officer, issue receipts or sales invoices for transactions over P25.00, and outlines the allocation of incremental revenues for various purposes, while also abolishing franchise tax for domestic airlines.

registration requirements internal revenue tax taxpayer

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