11-06-2004, 07:56 AM
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I help you SUCCEED
Industry Role:
Join Date: Nov 2003
Location: The Pearl of the Orient Seas
Posts: 32,195
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Just like with any piece of legislation, you have to read it first for any loopholes.
The problem VAT sucks ass here in the Philippines is because vertically integrated entities dodge the VAT entirely through an "initial producer" loophole.
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