THE Philippine Exporters Confederation Inc. (PhilExport) has welcomed the inclusion of an “enhanced value-added tax (VAT) refund system” for export sales in the Lower House-approved comprehensive tax reform package.
In a statement on Friday, PhilExport said it was pleased with the system as provided under House Bill (HB) 5636. The tax reform bill was approved on the third and final reading in the House of Representatives on May 31.
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