The Federal Government has announced the exemption of 63 items from Value-Added Tax (VAT), as part of its latest fiscal reforms. This was revealed by the Chairman of the Presidential Committee on ...

MANILA, Oct 3 (Reuters) - The Philippines will impose a 12% value-added tax (VAT) on digital services offered by tech giants such as Amazon (AMZN.O), opens new tab, Netflix (NFLX.O), opens new tab ...

MANILA, Philippines — Digital platforms offered by foreign companies such as Netflix are now subject to 12 percent value-added tax (VAT) under a new law signed by President Marcos yesterday.

NEW LAW. President Ferdinand R. Marcos Jr. signs the Value Added Tax (VAT) on Digital Services Law at Malacañan Palace on Wednesday (Oct. 2, 2024). To be known as Republic Act 12023, the new law ...

MANILA, Philippines — After the President signed a law imposing a 12 percent value-added tax (VAT) on foreign digital services providers (DSPs) such as Netflix, Spotify, and Google, among others ...

The newly signed Republic Act (RA) 12023 aims to impose a 12% Value Added Tax (VAT) on non-resident digital service providers (DSPs) in order to generate additional revenue for the government. The 12% ...

Republic Act 112023 imposes a 12% value-added tax (VAT) on digital services provided by resident and non-resident digital service providers, regardless of whether they have a physical presence in ...

PRESIDENT Ferdinand Marcos Jr. has signed a law imposing a 12 percent value-added tax (VAT) on foreign digital service providers (DSPs), marking a significant change in how digital services are taxed ...

President Ferdinand “Bongbong” Marcos Jr. on Wednesday signed into law the measure seeking to impose a 12% value-added tax (VAT) on digital services provided by foreign companies. The ceremonial ...

PRESIDENT Ferdinand Marcos Jr. has signed into law the imposition of a 12 percent value-added tax (VAT) on foreign digital service providers (DSPs), a priority measure of his administration. Marcos ...