BPO VAT-Exemption to be Lifted?

The Department of Trade and Industry said it would not support the move of the BPO sector asking for exemption from provisions of the tax reform proposal. Without the exemption, certain sales and imports would be subject to a 12%-VAT; the industry claims that it would put the country at around a 30%-cost disadvantage when compared to India, as well as lessen our edge against China, Vietnam, and Thailand. The DTI,…

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