This paper sets out the key concepts necessary to calculate trade in value added using input-output tables. We explain the basic structure of an input-output table and the matrix algebra behind the ...

Maximal Output Admissible Sets (MOAS) are the set of all initial states and references such that the output response is always constraint admissible. Introduced in [1], the MOAS holds a special place ...

Beginning January 2024, upon the passage of the Ease of Paying Taxes Act (EOPT Act), all taxpayers are mandated to adopt the accrual basis of accounting in reporting and subjecting their revenues to ...

In order to be eligible for output VAT credit, the EOPT law and the implementing regulations require compliance with certain requisites, among which are as follows: the output VAT credit can be made ...

There have been various changes in the value-added tax (VAT) refund process these past few years, with the Bureau of Internal Revenue (BIR) continuously simplifying the requirements and procedure on ...