World Bank says PHL can boost revenues by expanding its VAT base

By Aubrey Rose A. Inosante, Reporter

THE PHILIPPINES can boost its revenue collections by expanding its value-added tax (VAT) base and improving tax administration, the World Bank said.

In an e-mail interview with BusinessWorld, World Bank Country Director for the Philippines, Malaysia, and Brunei Zafer Mustafaoğlu said the Philippine government has “substantial space to increase VAT revenues by improving compliance and reducing exemptions and special rates.”