Not so tax-free: Determining the validity of the imposition of value added tax on tax-free exchanges

• Main Author: Gamboa, Josine Alexandra S.
• Format: text
• Published: Animo Repository 2022
• Subjects: Value-added tax—Law and legislation—Philippines; Real property, Exchange of —Taxation—Law and legislation—Philippines; Tax Law
• Online Access: https://animorepository.dlsu.edu.ph/faculty_research/6169
• Institution: De La Salle University

Value added tax (VAT) is a tax on consumption. It is levied on the sale, barter, exchange or lease of goods or properties and services in the Philippines and the importation of goods into the Philippines. On July 10, 2011, the Bureau of Internal Revenue (BIR) issues Revenue Regulation 10-11 (RR 10-1...