- BIR postponed VAT on digital services by foreign providers to local consumers to 1 July 2025
- A new simplified VAT registration portal was launched
- Companies need to register only if annual revenue exceeds PHP 3 million
- No requirement for a local tax agent or fiscal representative for VAT registration
Source: fiscalsolutions.co.uk
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"
- Philippines Maintains Digital VAT Despite Trump’s Tariff Threats on American Tech Giants
- Advocacy Group Urges Complete Removal of VAT to Reduce Rising Production Costs
- Philippine BIR Clarifies Book Registration Options for New Businesses in 2025
- Philippine BIR Updates VAT Zero-Rating Requirements for RBEs’ Local Purchases
- Philippine Court Denies VAT Refund for Swiss Company’s Regional Headquarters Due to Insufficient Evidence
