A withholding tax is when a business holds a portion of the payment of goods and services and then remits this payment to the government in the Philippines - which helps reduce the government's burden as the tax collection responsibility is shifted to the businesses. In return, the businesses,...
The list includes fuel, cooking gas, fertiliser, food items made of grains, locally produced coconut milk, and mobile phones. Certain electrical goods, certain motor vehicles, sports equipment, buses and trucks, high tech medical equipment, medical machinery, protective equipment, ethyl alcohol, mach...
0% Zero Exports; certain imported goods; some food items, some agriculture and fishery inputs; computer equipment; some tourism and travel related supplies Belarus VAT rates Rate Type Which goods or services 20% Standard All taxable goods and services Belgium VAT rates Rate Type Which goods or ...
Philippines • Updated deadline for the processing of pending VAT refund/credit claims Vietnam • New circular amending VAT regulations • Guidance on implementation of e-invoicing E-commerce developments • China – New tax policy for goods imported through cross border e-commerce retail ...