Government Bulletin Board
Tax Advisory
Commissioner Guillermo L. Parayno, Jr. issued a WARNING to business establishment
that are not complying with the registration, invoicing and bookkeeping requirements.
VAT For Professionals
Imposes Value-Added Tax (VAT) on sale of services by persons engaged in the practice of profession
or calling and professional services rendered by general professional partnerships; services rendered by actors, actresses,
talents, singers and emcees; radio and television broadcasters and choreographers; musical, radio, movie, television and stage
directors; and professional athletes, as well as services rendered by customs, real estate, stock, immigration and commercial
brokers, beginning January 1, 2003
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