The FTA also clarified that the retail price subject to tax, known as Excise Price, of each taxable item
must be the highest of the following two prices: the local market price specified in the Excise Goods Price List, available on the FTA website, or the designated retail sale price as calculated by the retailer as per the procedure specified in the Taxable Persons Guide for Excise Tax.
Summary: As part of 'Know Your Rights' campaign, the Federal Tax Authority releases explainer on exemptions and taxable items
in the health and education sectors
As consumption patterns shift from taxable items
like electronics to non-taxable items
like health care, and from local to online purchases, our sales tax base may prove inadequate.
MPs approved the sin tax after receiving reassurances that the government could not insert other products as taxable items
at a later date, or raise the tax without National Assembly approval.
The importation of smartphones is considered legal if the importer declared it as taxable items
and can present the proper National Telecommunications Commission (NTC) import permit to the customs authorities,' Maj.
THE controversy over taxable items
for the specially abled refuses to die down.
The California Legislative Analyst's Office found that consumer spending on taxable goods peaked in 1979, when Californians spent 53 cents of every dollar on taxable items
Low oil prices prompted the authorities to expand the scope of taxable items
Meantime, the House of Representatives will investigate the disappearance of 26 shipping container vans from the Port of Cebu after lawmakers aired fears that these may have been loaded with illegal drugs, aside from highly taxable items
However, when taxable items
and nontaxable items are billed as a lump sum, the entire amount is subject to sales tax.
New X-Ray machines deployed at the Ninoy Aquino International Airport (NAIA) have generated incremental revenues as the Bureau of Customs (BOC) beefed-up its capability to detect highly taxable items
such as jewelery, luxury watches, designer bags, undeclared foreign currencies, and even prohibited drugs hidden in travelers luggage.
usually include all sorts of everyday expenses such as prepared foods, over-the-counter drugs, clothing, items to fix up your house and garden, laundry soap, personal care products, school supplies, craft items - the list is endless.