A measure to reduce the value-added tax (VAT) on goods and services from 12% to 10% has been filed in the House of Representatives, with the goal of providing relief to Filipino consumers facing rising prices. Read more »
Filipinos managing long-term and costly illnesses can expect some relief as the Food and Drug Administration (FDA) has endorsed 10 additional medicines to be exempted from value-added tax (VAT). Read more »
The Philippines has launched the ATA Carnet system, known as a global 'passport for goods,' to simplify international trade processes and enhance business opportunities. Read more »
President Ferdinand R. Marcos Jr. has issued an unequivocal directive to government agencies to fortify their efforts in protecting the integrity of the nation's tobacco industry. This command reflects the administration's unwavering commitment to combat illicit trade activities that jeopardize the livelihoods of millions of Filipinos and undermine crucial government revenues. Read more »
