Philippines VAT returns
VAT registered businesses filing manually must submit their monthly paper return by the 20th of the following month. They must also file a submission detailing sales or receipts and VAT each quarter.
Electronic filers should submit their monthly VAT returns between the 21st and 25th of the following month. The tax authorities will determine the exact date based on the industry sector of the tax payer. Withholding tax returns should be submitted by the 10th of the following month. Quarterly statements of sales and purchases have to be made. E-filers include: large taxpayers; financial institutions; high net-worth persons.
Latest Filipino news
January 11, 2018
The Philippines introduced a number of VAT changes on 1 January 2018 as part of a wider tax overhaul...
August 16, 2016
The Philippines is considering raising VAT from 12% to 15% to fund a raise in government expenditure and fund a cut to 25% in the...
May 26, 2016
The Philippines has proposed raising its VAT rate from 12% to 14%. In addition, the government is proposing to widen the goods and services which...