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[Ask the Tax Whiz] Should Marcos gov’t cut VAT from 12 to 10% to ease inflation?
The Philippines has one of the highest VAT rates in ASEAN, yet collection efficiency is only around 35–40%, indicating leakages
![[Ask the Tax Whiz] Should Marcos gov’t cut VAT from 12 to 10% to ease inflation?](https://www.rappler.com/tachyon/2026/03/TOC-oil-crisis-price-hike-us-iran-war-March-10-2026.jpg?fit=449%2C449)
The Philippines has one of the highest VAT rates in ASEAN, yet collection efficiency is only around 35–40%, indicating leakages