The Department of Finance (DOF) is proposing to implement new taxes, including VAT on digital service providers and cryptocurrencies to help pay the country's increasing debt which has hit a record of PHP 12.68 trillion in March. The DOF also plans to tax cryptocurrencies, although details are not yet provided. The DOF also proposed deferment of the personal income tax reduction that was initially scheduled in 2023. Read more in our articles including "DOF eyes new taxes, VAT on digital service providers, cryptocurrencies" and "Fujifilm Instax Share SP-1 to hit stores in February".
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Jun 24, 2026The Department of Finance (DOF) is proposing to implement new taxes, including VAT on digital service providers and cryptocurrencies to help pay the country's increasing debt which has hit a record of PHP 12.68 trillion in March. The DOF also plans to tax cryptocurrencies, although details are not yet provided.
The DOF also proposed deferment of the personal income tax reduction that was initially scheduled in 2023.
Our coverage of dof tax cryptocurrency includes: "DOF eyes new taxes, VAT on digital service providers, cryptocurrencies"; "Fujifilm Instax Share SP-1 to hit stores in February"; "Davao taxis now accept fare payments via on-board ATM". Each article provides unique insights and information.