- Senate approved SB 2528 proposing 12% VAT on digital services
- VAT to be imposed on digital services consumed in the Philippines
- Nonresident digital service providers cannot claim input VAT
- Definition of “digital service” includes online search engines, marketplaces, cloud services, media, advertising, platforms, and goods
- Digital service providers, including nonresidents, required to register for VAT if sales exceed P3 million
- Consumers liable to withhold and remit VAT on digital services consumed in the Philippines from nonresident providers
Source: manilatimes.net
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.
