VATupdate

Philippines Proposes the Introduction of VAT Obligations for Foreign Digital Service Providers

The Philippine Government is in the course of enacting Bill 4122, which requires non-resident DSPs to collect and remit VAT on the sale of digital services – such as online advertisement services and provision of digital advertising space, digital services in exchange for a subscription fee, and supply of other electronic and online services that can be delivered through the internet – to Philippine consumers.

The Bill will be applicable within 180 days (~6 months) from the moment when it becomes effective. It’s expected that the obligation for foreign DSPs to levy VAT on the sale of digital services should start in the summer of 2023.

Source: fonoa.com

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