It is still not clear when this will be implemented due to COVID-19 related delays. The new rules will likely include a VAT annual sales registration threshold of PHP 3million (approx. €51,400 or $59,500).
Source: vatcalc.com
Latest Posts in "Philippines"
- Philippine Court Clarifies Input VAT Refunds for Zero-Rated Sales to PEZA Entities
- Philippines Maintains Digital VAT Despite Trump’s Tariff Threats on American Tech Giants
- Advocacy Group Urges Complete Removal of VAT to Reduce Rising Production Costs
- Philippine BIR Clarifies Book Registration Options for New Businesses in 2025
- Philippine BIR Updates VAT Zero-Rating Requirements for RBEs’ Local Purchases
