- BIR held a public consultation on November 12, 2024, in Quezon City to discuss VAT on digital services as per Republic Act No. 12023
- The event was led by BIR Commissioner Romeo D. Lumagui Jr. with Assistant Commissioners Larry M. Barcelo and Janette R. Cruz as speakers
- Representatives from the Department of Finance, various sectors, digital service providers, and other stakeholders attended
- Commissioner Lumagui emphasized the importance of updating tax policies to match the digital economy’s growth
- The consultation aimed to foster open dialogue on VAT implementation in digital services
- Proposed regulations include provisions for VAT registration and compliance for both local and foreign digital service providers
- The event featured a Q&A session to address concerns and clarify the proposed VAT regulations
- A recording of the consultation is available on the BIRs official Facebook page for those who could not attend
Source: dailyguardian.com.ph
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.
