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14:35
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ABS-CBN News
What's the difference between excise tax and VAT - and why we pay both | DZMM TelaRadyo
Courtesy Of DZMM Teleradyo. Marikina 2nd District Rep. Miro Quimbo, chairperson of the committee on ways and means, explained Friday the difference between the excise tax on fuel products and the value added tax - and why the public pays for both. Speaking to DZMM, Quimbo said VAT is similar to a sales tax while the excise tax is “like a ...
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