- Philippines House of Representatives proposing to introduce VAT on e-services from March 2024
- Currently, foreign businesses do not have to charge VAT on digital services in the Philippines
- Proposal aims to remove unfair advantage for non-resident companies over resident providers
- VAT at 12% will be applied to online advertisement services, streaming games, music, apps, films, e-books, e-journals, and internet services.
Source: fiscalsolutions.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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