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"
- Senate Considers Reducing VAT from 12% to 10% to Ease Consumer Burden in the Philippines
- Sen. Tulfo Files Bill to Lower VAT from 12% to 10% to Ease Inflation Burden
- Senate Bill Proposes Reducing VAT from 12% to 10% to Ease Cost of Living
- Senate Bill Proposes Lowering VAT from 12% to 10% to Ease Inflation and Aid Families
- BIR Simplifies VAT Zero-Rating Requirements for Registered Business Enterprises’ Local Purchases














