VAT Promotes Fair Trade in Global Commerce

VAT Promotes Fair Trade in Global Commerce

This article explores how Value Added Tax (VAT) serves as a facilitator of fair competition in international trade, distinguishing it from tariffs. VAT achieves tax neutrality through a multi-stage payment mechanism, providing equal opportunities for all businesses, ensuring that goods are taxed in the consuming country rather than the producing country, thereby promoting growth in international trade.

Dumaguete Airport Boosts Negros Island Tourism and Commerce

Dumaguete Airport Boosts Negros Island Tourism and Commerce

Dumaguete Airport, also known as Sibulan Airport, is located in Dumaguete City on Negros Island, Philippines, primarily offering domestic air services. The airport is at an elevation of 5 meters, featuring a runway that is 1,870 meters long and 36 meters wide. Airlines operating at the airport include Cebu Pacific and Philippine Airlines, providing convenience for local economic growth and passenger travel.

Bank of Commerce and Development SWIFTBIC Code Explained

Bank of Commerce and Development SWIFTBIC Code Explained

This article presents the SWIFT/BIC code CDBLLYLT011 for BANK OF COMMERCE AND DEVELOPMENT (L.J.S.C.), highlighting the importance of using the correct code in international remittances. It also includes the bank's specific address and methods for verifying the accuracy of the code, aiming to enhance the security and efficiency of fund transfers.