- The BIR extended the registration deadline for non-resident digital service providers to July 1
- The original deadline was June 1
- Extension due to unavailability of the VAT on digital services portal and online registration system
- Systems offline due to ongoing system migration
- NRDSPs have no physical presence in the Philippines
- Existing NRDSPs must update their registration information
- Failure to register does not exempt NRDSPs from filing tax returns and paying taxes
- Buyers must file remittance returns and remit VAT on digital service purchases
- NRDSPs can register directly with BIR or through a third-party provider
- Non-compliance results in penalties and possible suspension of business operations
- The 12 percent VAT applies to various digital services
- The law aims to generate at least P105 billion in revenue until 2029
Source: philstar.com
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.
