SB 1819

Reformed Value Added Tax (Rvat Law)

An Act Providing for a Devise to Mitigate the Impact of the Reformed Value Added Tax (Rvat) to the Price of Basic Commodities by Way of Adopting a Scheme to Divide the Payment of VAT Between the Seller and Buyer, Amending for the Purpose Certain Provisions of Republic Act No. 9337 Otherwise Known as an Act Amending Sections 27, 28, 34, 106, 107, 108, 109, 110, 111, 112, 113, 114, 116, 117, 119, 121, 148, 151, 236, 237 and 288 of the National Internal Revenue Code of 1997, as Amended, and for Other Purposes