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Philippines hikes VAT registration threshold

  • VAT
  • 10 January 2018 | Richard Asquith

Philippines hikes VAT registration threshold

The Philippines introduced a number of VAT changes on 1 January 2018 as part of a wider tax overhaul.

The changes included increasing of the VAT registration threshold to PHP 3million from PHP 1.9million to take thousands of small businesses out of the tax administration net. Once over this limit, businesses must register for VAT and charge 12% on all taxable supplies.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.