Tax is a compulsory contribution to state revenue, imposed by the
government to worker’s income and business profits or added to the cost of
products.
VAT/ EVAT is a form of sales tax charge for every products we buy. To
calculate the tax, multiply the tax rate by the original price.
Example:
As written in the constitution, every product is entitled for 12% tax. If the
original price of Sony Xperia SP is Php 13,450, how much is the tax and its selling
price?