Filipino lawmakers are in disagreement over a proposed fix to the value-added tax (VAT) system in free zones. The disagreement stems from concerns about potential revenue losses and the impact on businesses operating in these zones. The proposed fix aims to address inconsistencies in the current VAT system and ensure fair treatment for all businesses.
Source: answerconnect.cch.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
