Banks Leasing Philippines 13-06-2003 VAT finally imposed on banks, factors and leasing companies among others, insurance companies excluded The Department of Finance and the Bureau of Internal Revenue ended years of suspense and imposed value-added tax on banks as provided under Revenue Regulations (RR) No. 12-2003 last March…… Sign in or Upgrade to Continue Reading This news article is over 10 days old. Subscribe today to access all articles with an annual subscription. Become a member Learn more Already a subscriber? Log in here #assignment#bank#receivables#regulation#VAT