Value added tax (VAT) or goods and services tax (GST), also known as indirect taxes, are consumption taxes levied on any value that is added to a product. These are considered indirect taxes since the ...

Definition An indirect tax is a tax applied to goods and services instead of income or profits. It is collected by a part of the supply chain, like a manufacturer or ...

When we talk of CREATE MORE (Republic Act No. 12066), we usually refer to the amendments made on the tax incentive rules. But aside from those changes, there are a few provisions of the National ...

Forbes contributors publish independent expert analyses and insights. Aleksandra Bal covers indirect tax and technology developments. Current regulations do not require platforms to collect VAT on ...