Philippines Enforces 12% VAT on Digital Services from Foreign Tech Giants
The Philippines has imposed a 12% VAT tax on digital services provided by tech giants. The article discusses the implications of the tax for consumers and businesses, as well as the challenges and opportunities it presents.
Commissioner Romeo Lumagui Jr. said Friday he supports the goal of Republic Act No. 12023 to level the playing field between ...
Digital platforms offered by foreign companies such as Netflix are now subject to 12 percent value-added tax under a new law ...
PRESIDENT Ferdinand Marcos Jr. has signed a law imposing a 12 percent value-added tax (VAT) on foreign digital service ...
This levels the playing field for our local MSMEs by removing the unfair advantage previously enjoyed by foreign digital service providers,” DTI Acting Secretary Cristina A. Roque said in a statement ...
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