The Philippine Tax Whiz explores the distinction between a regular audit and a VAT Audit conducted by the BIR, offering insights into what taxpayers can expect during these processes and providing ...

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 ...

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 ...

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 ...

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 ...

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 ...

VAT RELEASES 2022 SUSTAINABILITY REPORT, SETS MID-TERM TARGETS FOR GREENHOUSE GAS EMISSIONS AND EMPLOYEE DIVERSITY 06.07.2023 / 07:00 CET/CEST VAT takes important steps forward in ESG reporting, ...

What are the selection criteria of the Bureau of Internal Revenue (BIR) for an issue-based audit? What is the coverage of this audit? Taxpayers with value-added tax (VAT) returns reflecting erroneous ...

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 ...

A total sum of N20.7 billion (N20,675,801,479.59) in various taxes was not remitted to the Consolidated Revenue Fund of the Nigeria government by Ministries, Departments and Agencies (MDAs) in 2017, ...