Expanded Value Added Tax (EVAT) law
E461831
The Expanded Value Added Tax (EVAT) law is a Philippine tax reform measure that broadened the coverage and rate of the value-added tax to increase government revenue and address fiscal deficits.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Expanded Value Added Tax (EVAT) law canonical | 1 |
Statements (31)
| Predicate | Object |
|---|---|
| instanceOf |
Philippine statute
ⓘ
tax law ⓘ |
| addresses | fiscal deficit of the Philippine government ⓘ |
| administeredBy |
Bureau of Customs (Philippines)
NERFINISHED
ⓘ
Bureau of Internal Revenue (Philippines) NERFINISHED ⓘ |
| aimsTo |
broaden the tax base
ⓘ
enhance fiscal sustainability ⓘ improve tax effort ⓘ |
| appliesInJurisdiction | Philippines NERFINISHED ⓘ |
| belongsToCategory |
Philippine tax legislation
ⓘ
consumption tax laws ⓘ |
| consequence |
higher VAT burden on certain goods and services
ⓘ
increased tax collections for the Philippine government ⓘ |
| country | Philippines ⓘ |
| effect |
broadened coverage of value-added tax
ⓘ
increased rate of value-added tax ⓘ |
| legalSystem | Philippine legal system ⓘ |
| policyArea |
public finance
ⓘ
tax reform ⓘ |
| purpose |
address fiscal deficits
ⓘ
increase government revenue ⓘ |
| relatedTo |
Philippine tax reform programs
ⓘ
Philippine value-added tax system ⓘ |
| revenueSource | consumption taxes ⓘ |
| sectorAffected |
business sector
ⓘ
consumers ⓘ |
| shortName | EVAT law ⓘ |
| taxBase |
importation of goods
ⓘ
sale of goods ⓘ sale of services ⓘ |
| taxType | value-added tax ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.