The Philippine House of Representatives on 21 September 2021 approved a bill1 imposing 12% value added tax (VAT) on nonresident digital service providers engaged in the sale, barter, exchange and lease of goods or properties and services using digital or electronic platforms.
Nonresident digital service providers with annual gross sales/receipts exceeding PHP3 million (approximately US$60,000) will be required to register for VAT purposes. The bill was transmitted to the Philippine Senate on 22 September 2021 for further legislative review.
Source EY
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