💡 TAX TRIVIA! 💡 📢 WHAT IS VAT? Value-Added Tax (VAT) is a form of indirect tax imposed on the sale of goods, properties, and services in the Philippines. It is also levied on the importation of goods into the country. 💡 Simply put, VAT is a tax on consumption. 🔍 Currently, the standard VAT rate in the Philippines is 12%. Stay informed. Stay VAT wise! Follow us for more tax tips and updates. #VAT101 #VATWisePH #TaxMadeSimple #KnowYourTax #RDO18 #OlongapoCity #TaxCompliance #VATWisely | BIR R

Thanks to the tax cuts passed by the Republican House and Senate and signed by President Donald Trump, at least 102 utilities across the country are lowering rates for customers, according to a report from Americans for Tax Reform. This means lower electric bills, lower gas bills, and lower water bills for Americans. The Tax Cuts and Jobs Act cut the corporate rate from 35% to 21%. Utility companies are passing on the tax savings in the form of lower rates for customers. | Americans for Tax Refo