💡 TAX TRIVIA! 💡 📢 WHAT IS VAT? Value-Added Tax (VAT) is a form of indirect tax imposed on the sale of goods, properties, and services in the Philippines. It is also levied on the importation of goods into the country. 💡 Simply put, VAT is a tax on consumption. 🔍 Currently, the standard VAT rate in the Philippines is 12%. Stay informed. Stay VAT wise! Follow us for more tax tips and updates. #VAT101 #VATWisePH #TaxMadeSimple #KnowYourTax #RDO18 #OlongapoCity #TaxCompliance #VATWisely | BIR R