Finance Secretary Ralph Recto has this warning. Reducing the value-added tax (VAT) rate to 10 percent from 12 percent would have this consequence, according to Finance Secretary Ralph Recto. Lowering the VAT rate from 12% to 10% may sound attractive, but the Department of Finance (DOF) cautions that it could greatly affect government revenues, fiscal stability, ... Read more
The post Ralph Recto On Consequence Of Reducing VAT From 12% To10% appeared first on PhilNews.
Sunday 19 October 2025
philnews - 5 days ago
Ralph Recto On Consequence Of Reducing VAT From 12% To10%
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