Senate Bill 250, filed by Sen. Pia Cayetano, proposes amendments to the National Internal Revenue Code of 1997, to levy a VAT equivalent to 12 percent of gross receipts on the sale or exchange of services rendered electronically.
Source: abs-cbn.com
Latest Posts in "Philippines"
- Philippines BIR Clarifies CWT Invoice Disclosure Rules and Compliance Deadlines
- Philippines RTC Suite E-Invoicing and Invoice Intelligence
- Philippines Eases Deadlines for New CWT Invoicing Rules
- Philippines BIR New Invoice Requirement on Withholding Tax Line Items
- Philippines Introduces Mandatory Accreditation for E-Invoicing Service Providers
