-
New BIR regulation RR No. 14-2025 amends RR No. 3-2025, setting a 120-day registration deadline for NRDSPs starting February 1, 2025, via the VDS Portal or ORUS website.
-
NRDSPs will be subject to a 12% VAT starting June 2, 2025, immediately after the registration deadline, as part of the new digital services tax rules in the Philippines.
-
The Commissioner of Internal Revenue has the authority to extend registration and VAT deadlines in case of unforeseen circumstances, ensuring flexibility in implementing the new rules.
Source: Grant Thornton
Latest Posts in "Philippines"
- Philippine Court Voids VAT Assessment for Lack of Annexes, Upholds Zero-Rating for Freeport Sales
- BOC Assigns Procedural Code 062 for VAT on Local Sales to Domestic Market Enterprises
- BIR Takes Over VAT Oversight on Local Sales from Bureau of Customs
- Supreme Court Ruling Clarifies VAT Zero-Rating for Freeport and Ecozone Enterprises in the Philippines
- Philippines Considers VAT Cut, Fiscal Incentives to Boost Garment Industry Competitiveness
