The House of Representatives approved the bill imposing a 12% value-added tax (VAT) on all digital and electronic transactions for goods and services. The House approved House Bill 7425, or an Act Establishing Digital Taxation in the Philippines, garnering 167 affirmative votes, six negative votes, and one abstention during the third and final reading. The House of Representatives of the Philippines approved House Bill No. House Bill 8468 still needs approval on third and final reading before it can move forward in the legislative process. The US House of Representatives, in a bipartisan vote (352-65), has recently passed a bill forcing ByteDance to divest TikTok or face a potential ban in the US. Read more in our articles including "House approves bill imposing 12% VAT on digital transactions" and "House approves Digital Payments Bill on second reading".
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Jun 10, 2026The House of Representatives approved the bill imposing a 12% value-added tax (VAT) on all digital and electronic transactions for goods and services. The House approved House Bill 7425, or an Act Establishing Digital Taxation in the Philippines, garnering 167 affirmative votes, six negative votes, and one abstention during the third and final reading.
The House of Representatives of the Philippines approved House Bill No. House Bill 8468 still needs approval on third and final reading before it can move forward in the legislative process. The US House of Representatives, in a bipartisan vote (352-65), has recently passed a bill forcing ByteDance to divest TikTok or face a potential ban in the US.
Our coverage of House Bill 7425 includes: "House approves bill imposing 12% VAT on digital transactions"; "House approves Digital Payments Bill on second reading"; "House committee approves bill abolishing travel tax". Each article provides unique insights and information.