According to a release published by the Philippine News Agency, the government is working with the IMF to conduct a study aimed at improving VAT collection efficiency, including a review of areas that have too many VAT exemptions. --- DOF chief: Gov't to improve VAT collection efficiency MANILA – The government is working with the International Monetary Fund (IMF) for the conduct of a study aimed at addressing the low value-added tax (VAT) efficiency in the country. "We actually talked with the IMF and we asked them to conduct a study on where we can improve on broadening the tax...