The president says the VAT system used across Europe gives other countries unfair trade advantages. Here’s how the system started. By Jenny Gross and Keith Bradsher Jenny Gross reported from ...

MANILA, Philippines — The government expects inbound tourism to further pick up following the signing of the implementing rules and regulations (IRR) for the value-added tax (VAT) refund for ...

MANILA, Philippines — The Food and Drug Administration (FDA) has added 17 drug products to its list of essential medication exempted from the 12 percent value-added tax (VAT), making these more ...

Steam is set to implement a 12% value-added tax (VAT) in the Philippines starting June 1. The game distribution company bared the upcoming change on its website, months after President Ferdinand ...

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