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PH's 12% VAT yields no more than Thailand's 7%; World Bank urges collection fix

💰 PHs 12% VAT Yields no More Than Thailands

Published by OOPSONLINE.IN · Source: Rappler · 1 min read · · Updated

What actually happened

The same implementation problem extends beyond taxes. Philippine business regulations nearly match Singapore’s on paper, but the country trails sharply in public services and day-to-day delivery, says the World Bank.

Key points

  • The same implementation problem extends beyond taxes.
  • Philippine business regulations nearly match Singapore’s on paper, but the country trails sharply in public services and day-to-day delivery, says the World Bank.

Summary based on data provided by Rappler. Full article available at the original publisher.

  • #business
  • #yields
  • #more
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