The Philippine entity should withhold a 12 percent VAT on the service fee; and the Philippine entity can claim input VAT deductions on the fees.
Source: bloombergtax.com
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
