Currently, foreign businesses providing digital services to consumers in the Philippines do not have to charge VAT on their sales. However, to remove the unfair advantage this gives to non-resident companies over resident providers, the Philippines government are proposing that VAT at 12% will be applied to these types of transactions.
Source: fiscalsolutions.co.uk
Latest Posts in "Philippines"
- Philippine Senate Proposes Reducing VAT Rate from 12% to 10% for Economic Relief
- Briefing Document & Podcast: Philippines E-Invoicing and E-Reporting
- Senators Propose Automatic Suspension of Fuel Taxes Amid Middle East Crisis and Rising Oil Prices
- Philippine Court Clarifies VAT Refund Rules for Zero-Rated Sales and Documentation Requirements
- Philippines Tax Court Clarifies Rules on Validity of VAT Deficiency Assessments in Recent Decision
