Legal SheetsTax JournalsGross Receipts of a Health Maintenance Organization (HMO) for Value-Added TaxFor VAT purposes, the gross receipts of an HMO do not include the amounts earmarked and actually spent for medical utilization of its members... Read More
Legal SheetsTax JournalsSale by PSALM of the Power Plants of NPC Not Subject to Value-Added TaxThe sale of the power plants is not "in the course of trade or business" as contemplated under Section 105 of the NIRC, and thus, not subject to VAT... Read More
