“We have plenty more to axe; digital taxation loopholes are one. Many digital companies provide services in the Philippines to Filipinos without paying VAT [value-added tax]. We are closing those loopholes with the Digital Taxation Act. No new taxes, just same taxes for the same kind of business, since Filipinos pay VAT for digital services,” Salceda said.
Source: businessmirror.com.ph
Latest Posts in "Philippines"
- Philippines President Approves VAT Refund Program to Boost Tourism by 2024
- Philippine Court Clarifies Input VAT Refunds for Zero-Rated Sales in Outsourcing Services Case
- Philippine Court Denies VAT Refund for Singapore Firm Due to Insufficient Documentation
- Philippines Launches VAT Portal for Non-Resident Digital Service Providers to Simplify Compliance
- Philippine Supreme Court Grants VAT Refund to PEZA Firm for External Purchases
