On Sept. 21, 2021, the House of Representatives passed on third reading House Bill 7425 (HB 7425), which seeks to amend the National Internal Revenue Code (Tax Code) to impose a 12-percent value-added tax (VAT) on the sale of digital services and goods to Philippine residents.
Source: manilatimes.net
Latest Posts in "Philippines"
- Senate Bill Seeks to Remove VAT on Electricity System Losses to Lower Consumer Costs
- Vice Ganda Backs Bam Aquino’s Senate Bill to Lower VAT for Middle Class Relief
- Hontiveros Proposes Removal of VAT on Systems Loss Charges to Lower Electricity Bills
- Hontiveros Seeks VAT Exemption on Electricity Bills for Households Using 150kWh or Less Monthly
- Hontiveros Seeks Removal of VAT on Systems Loss Charges in Power Bills
