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- Sep 25, 2023
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It is only my assumption that it is us, the customers paying the taxes of the businesses through VAT. I hate to see VAT, from 10 $ to 12 % in the pharmacy alone, excluding the other types of business that reach 15 % VAT. I doubt that the business owners through their accountants manipulate the VAT accountables from the customers from day 1 to day 365 in a year. I think some business operators do not declare the total earnings to the BIR, so the government is blind to know the real figure. Correct me if I am wrong.