Seemingly, the objective of the law, which is to provide easier means of paying taxes, has not been met. The good thing is, under RMC 65-2024, availing of the benefit of claiming output VAT credit is ...
Beginning January 2024, upon the passage of the Ease of Paying Taxes Act (EOPT Act), all taxpayers are mandated to adopt the accrual basis of accounting in reporting and subjecting their revenues to ...
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