-
The Bureau of Internal Revenue issued RMC No. 47-2025 on 7 May 2025 to clarify VAT rules on digital services under RR No. 3-2025, following the enactment of Republic Act No. 12023. The circular takes immediate effect.
-
All Non-Resident Digital Service Providers (NRDSPs), including those engaged solely in B2B transactions, must register with the BIR for VAT purposes under Section 5 of RR No. 3-2025, regardless of their transaction type or customer base.
Source: Orbitax
Latest Posts in "Philippines"
- Philippine Senate Considers Suspending Fuel Taxes Amid High Oil Prices; VAT Exemption for Electricity Proposed
- BIR Issues VAT Exemptions for Indigenous Natural Gas and Electricity Under New Regulations
- Legarda Proposes Bayanihan 3 Law to Suspend Fuel VAT, Aid Filipinos Amid Oil Crisis
- Aquino Urges VAT Suspension on Fuel to Ease Rising Prices Amid Middle East Crisis
- Philippines Court Clarifies Rules on Unutilized Input VAT Refunds for Zero-Rated Sales
