- Senate and House approved proposed VAT on Non-resident Digital Service Providers Act
- Sen. Win Gatchalian led the Senate Conference Committee Panel in signing the reconciled version
- 12-percent VAT to be imposed on digital transactions of non-resident digital service providers like Netflix, Disney, and HBO
- Members of Senate Conference Committee Panel include Sens. Sonny Angara, Loren Legarda, and Pia Cayetano
- Members of House Conference Committee Panel include Rep. Joey Salceda (Chairperson) and several other representatives
- Provision added to allocate five percent of incremental revenue for development of creative industries for five years
Source: legacy.senate.gov.ph
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.
Latest Posts in "Philippines"
- BIR Falls Short of VAT Collection Target by P6.37 Billion in First Seven Months
- Philippine Court Clarifies Input VAT Refunds for Zero-Rated Sales in Electricity Sector Case
- Philippine Court Clarifies Input VAT Refunds for Zero-Rated Sales in Automotive Export Case
- Philippine Court Clarifies Input VAT Refunds for Zero-Rated Sales to PEZA Entities
- Philippines Maintains Digital VAT Despite Trump’s Tariff Threats on American Tech Giants
