The Bureau of Internal Revenue (BIR) has clarified the application of Section 110(D) of the Ease of Paying Taxes (EOPT) Act, which allows VAT-registered taxpayers to claim a credit for output VAT previously remitted on receivables that subsequently become uncollected.
E-COMMERCE PHILIPPINE TRUSTMARK: BUILDING TRUST IN THE DIGITAL MARKETPLACE
The Department of Trade and Industry (DTI) introduces the Philippine E-Commerce Trustmark as a seal of credibility for online businesses.