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- Toolbar to help get credit card debt relief in the UK. A fast and easy way to get access to debt help online with one easy to use Toolbar.
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- Allows you to verify hundreds of VAT identification numbers issued by a EU Member State. The verification is done against the national VAT database corresponding to the selected EU Member State.
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- VAT-Books cashbook software is for businesses that need a simple way to record sales, purchases and other inputs and outputs. If you are VAT registered, VAT-Books can produce your full VAT return figures, and your EC sales figures if needed.And at. ..
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Jan 15, 2019 The Relief Data Entry System is a tool created by the Philippine's Bureau of Internal Revenue. Under eRELIEF, Corporate Taxpayers send electronically to BIR through the BIR Website its quarterly sales and purchases data. The Quarterly List of Sales and Purchases can be submitted manually to BIR office in magnetic form using 3.5 inch floppy diskette, CD or USB following the format provided under Section 4.114 of RR No.16-2005 together with the accomplished VAT RELIEF transmittal form.
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VAT exemptions under Philippine TRAIN Tax Law
Bir Vat Relief System
What are VATable and VAT-exempt items under the recently approved Tax Reform for Acceleration and Inclusion or TRAINLaw implemented starting 2018?
To recap, the TRAIN tax reform program includes various provisions that touch on reducing personal income taxes while increasing taxes on products such as sweetened beverages, oil, petroleum, and fuel products, coal, stock transactions, cars and automobiles, among others.
Also included in the tax reform is the updating of VAT-able products and transactions. The list of items that will or won’t be charged the 12% Value Added Tax (VAT) underwent several revisions in Congress in the last few months, but the final version is shown below.
We begin with a list of products or transactions that currently enjoy VAT exemption and will continue to be VAT-exempt under the new tax reform program.
* * * UPDATED resources on the approved TRAIN Tax Reform below:
Products, service, or groups that will continue to be VAT-exempt
Vat Relief System
- Food and agricultural products
- Senior citizens
- Persons with Disability (PWD)
- Cooperatives
- Tourism
- Education
- Renewable energy
- Health
- Enterprises and BPOs located in Special Economic Zones
- Condominium association dues
- Rentals and leases below P15,000 per month
The following items, meanwhile, will now also enjoy the benefit of not paying VAT.
Bir Vat Relief Program Download
Groups, products, or transactions that will be VAT-exempt
- Businesses with annual gross sales of P3 million and below
- Government owned and controlled corporations (GOCCs), state universities and colleges (SUC), and government agencies
- Medicines for diabetes, cholesterol, and hypertension (VAT exemption beginning 2019)
- Socialized housing, or houses priced at P450,000 and below, and low-cost housing, or those priced at P3 million and below (VAT exemption retained from 2018 to 2020 only)