{"id":270703,"date":"2020-10-03T05:45:40","date_gmt":"2020-10-03T09:45:40","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=270703"},"modified":"2025-01-18T01:46:42","modified_gmt":"2025-01-18T06:46:42","slug":"ph-to-study-russias-vat-monitoring-system","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/10\/03\/ph-to-study-russias-vat-monitoring-system\/","title":{"rendered":"PH to study Russia\u2019s VAT monitoring system"},"content":{"rendered":"
\"\"<\/a>
FILE: Finance Secretary Carlos Dominguez III during a press briefing at the New Executive Building in Malaca\u00f1ang on January 8, 2018. TOTO LOZANO\/Presidential Photo<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0\u2013 Finance Secretary Carlos Dominguez III has indicated the government\u2019s willingness to study Russia\u2019s value-added tax (VAT) monitoring system after a Russian diplomat pledged to help the Bureau of Internal Revenue (BIR) regarding the matter.<\/p>\n

In a Viber message to journalists Friday, he said that \u201cbased on several reports, we have learned that the electronic VAT monitoring system of Russia has greatly improved their collections\u201d.<\/p>\n

\u201cWe are very pleased that the (outgoing) Russian Ambassador (to the Philippines Igor Khovaev) has expressed willingness to share their technology with us.<\/p>\n

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We will study their system in depth and adopt what is suitable for the Philippines,\u201d he added.<\/p>\n

In a news release, the Department of Finance (DOF) said Dominguez met with Khovaev last Tuesday to talk about areas of economic cooperation.<\/p>\n

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<\/p>\n

It said the diplomat discussed possible accord between the Federal Customs Service of Russia and the Philippines\u2019 Bureau of Customs (BOC).<\/p>\n

In turn, Dominguez asked for possible assistance in the VAT collection structure after noting that Russia has an efficient system.<\/p>\n

\u201cAmbassador Khovaev said that Russia has shared its VAT collection technology with other countries and would assist the BIR in its effort to improve its system,\u201d the press release said.<\/p>\n

Aside from the economy-related tie-up, the officials also discussed possible pact on energy as well as the production and distribution of the Covid-19 vaccine being developed by Russia.<\/p>\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0\u2013 Finance Secretary Carlos Dominguez III has indicated the government\u2019s willingness to study Russia\u2019s value-added tax (VAT) monitoring system after …<\/p>\n","protected":false},"author":44,"featured_media":251734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-270703","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/270703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=270703"}],"version-history":[{"count":3,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/270703\/revisions"}],"predecessor-version":[{"id":285175,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/270703\/revisions\/285175"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/251734"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=270703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=270703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=270703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}