- Bicameral Conference Committee approved final version of bill for VAT liability on foreign providers of digital services
- Law takes effect 15 days after publication in Official Journal
- Department of Finance to prepare implementing regulations within 90 days
- Non-resident digital service providers given 120 days to adhere to requirements
- Final bill clarifies scope of new framework and requirements for taxable persons
- VAT liability introduced for non-resident digital providers and digital marketplace operators
- Revenue Authority to develop simplified registration procedure for foreign providers
- Businesses should start preparing for implementation of new requirements in Philippines
Source: 1stopvat.com
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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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