VAT on Domestic/Local Goods and Deemed-Sales Transactions
VAT on Sale of Goods or Properties Section 4.106-1, RR 16-2005 as amended by RR 4-2007. VAT on Sale of Goods or Properties VAT is imposed and collected on every sale, barter, exchange, or transactions “deemed sale” of taxable goods or properties at the rate of 12% (starting Feb 1, 2006) of the gross […]