House Bill No. 4122 (also called the Digital Services Tax Bill) proposes to impose 12% value added tax (VAT) on the sale of digital services, such as the hosting of online auctions and platforms, subscription-based online services, and supplies of goods and online services.
Source: KPMG
Latest Posts in "Philippines"
- Philippines Considers VAT Cut, Fiscal Incentives to Boost Garment Industry Competitiveness
- BOC’s Zero VAT Procedures: Streamlining Export Import Logistics and Compliance for Export-Oriented Enterprises
- Philippines Extends E-Invoicing Compliance Deadline for Large Taxpayers to December 31, 2026
- Philippine Tax Court Partially Grants Petition, Invalidates VAT and Compromise Penalty Assessments
- Supreme Court Rules Condominium Association Dues Not Subject to Value-Added Tax (VAT)
