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Philippines E-Marketplace Tax Update: Delayed Withholding Tax and Pending VAT Legislation

  • Philippines Bureau of Revenue has delayed imposition of 1% Withholding Tax on income paid to non-resident sellers by E-marketplace operators
  • Circular issued on 15 January 2024 with compliance deadline of 14 April, now pushed back to 14 July
  • 0.5% effective WHT rate on sellers of goods or digital services
  • Bill to introduce VAT on Philippines digital services nearing parliamentary review process

Source: vatcalc.com

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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