The Bureau of Internal Revenue (BIR) will implement this month a stricter audit program for value-added tax (VAT) payments made by large taxpayers. According to a revenue memorandum order (RMO) signed ...

MANILA, Philippines - The Bureau of Internal Revenue (BIR) is implementing a stricter audit program for value-added tax (VAT) payments made by large taxpayers starting this month. The VAT Audit ...

For the past years, the tax collection statistics from the Bureau of Internal Revenue (BIR) show that the collection of value-added tax (VAT) has been increasing. In its aggressive effort to ...

Since January 2018, everyone is hearing about VAT audits someday seeing the light of day. However, after the announcement of Corporate Tax in January 2022, all the focus suddenly transformed from VAT ...

The National Board of Revenue (NBR) has taken up an initiative to coordinate its auditing activities with the commissionerates concerned and the VAT audit intelligence and investigation department to ...

The commercial taxes department has extended the deadline for filling of VAT audit forms by two months from October 31 to December 31providing much-needed relief to the CAs(charted accountants) of a ...

A whopping total of Tk1,676 crore in value-added tax (VAT) was evaded by some 233 public and private organizations during the fiscal year 2020-21, an investigation by the VAT Audit, Investigation and ...

Two companies that provided $74 million worth of services to the Guyana Gold Board (GGB) in 2014 and 2015 have been accused of VAT fraud and the GGB has been urged to refer the matter to the Guyana ...

A recent judgment on the withholding of value-added tax (Vat) refunds running into billions has highlighted the inconsistent interpretation by the South African Revenue Service (Sars) of both its own ...

MANILA, Philippines - The Bureau of Internal Revenue (BIR) will start auditing first quarter value-added tax (VAT) payments of firms under bureau’s Large Taxpayers Service (LTS) and the regional ...