The House committee on ways and means chaired by Albay Rep. Joey Salceda yesterday approved a measure imposing value-added tax (VAT) on all digital services to help raise revenues and fund the government’s fiscal programs.
Salceda, principal author of House Bill No. 372 or the proposed digital economy VAT, said the measure seeks to level the playing field since local digital service providers (DSPs) are paying VAT unlike non-resident ones.
Source Malaya.com
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