The Bureau of Internal Revenue (BIR) in the Philippines has proposed a regulation to impose a 12% Value Added Tax (VAT) on digital services, in accordance with Republic Act No. 12023. This regulation allows the BIR to issue closure orders against digital service providers (DSPs) that fail to register or comply with the VAT law. The Department of Information and Communications Technology (DICT) and the National Telecommunications Commission (NTC) will enforce these orders.
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New VAT guidelines in Philippines could lead to closure of non-compliant digital service providers
Other countries
Author: Ivana Picajkić
Category:
Fiscal subject related
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645
Content accuracy validation date:
03.12.2024
Content accuracy validation time:
08:15h
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