The Internet Transactions Act of 2023, approved on December 5, 2023, makes cross-border electronic marketplaces and suppliers liable for their internet transactions in the Philippines. The rules will be implemented from March 19, 2024, with an 18-month transition period. The act covers B2B and B2C transactions, requiring specific information from e-marketplaces, e-retailers, and online merchants. Fonoa offers Fonoa Tax to automatically determine the correct tax treatment for sales transactions worldwide.
Source Fonoa
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