- Proposed go-live date for VAT on e-invoices in the Philippines is 02.05.24
- The proposal aims to introduce 12% VAT on electronic services provided by non-residents
- Foreign businesses offering digital services like streaming games, music, and e-books to Filipino consumers will be affected
- The rule is set to be implemented by the House of Representatives in March 2024
Source: tungstenautomation.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
