Ano ang Reformed Value Added Tax?
Tax reform is the process of changing the way taxes are collected or managed by the government
Value added tax (VAT) is a sales tax levied on the sale of goods and services. In some countries, including Singapore, Australia, New Zealand and Canada, this tax is known as "goods and services tax" or GST. VAT is an indirect tax, in that the tax is collected from someone other than the person who actually bears the cost of the tax (namely the seller rather than the consumer).
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Ill try and get a philipine translation for you so check back later!
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