The House Ways and Means panel has recently approved the bill seeking to add 12% VAT on foreign and local companies offering goods and services on digital platforms. This bill levels the playing field for local digital service providers,” Deputy Speaker Sharon Garin shared to GMA News. House Bill 8468 still needs approval on third and final reading before it can move forward in the legislative process. The investigation was formally launched in May 2024 and is part of the European Union's broader efforts to ensure that major online platforms comply with the Digital Services Act. Read more in our articles including "House panel approves tax bill on digital services" and "House approves Digital Payments Bill on second reading".
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Jul 12, 2026The House Ways and Means panel has recently approved the bill seeking to add 12% VAT on foreign and local companies offering goods and services on digital platforms. This bill levels the playing field for local digital service providers,” Deputy Speaker Sharon Garin shared to GMA News.
House Bill 8468 still needs approval on third and final reading before it can move forward in the legislative process. The investigation was formally launched in May 2024 and is part of the European Union's broader efforts to ensure that major online platforms comply with the Digital Services Act.
Our coverage of House Bill on tax for digital services includes: "House panel approves tax bill on digital services"; "House approves Digital Payments Bill on second reading"; "House committee approves bill abolishing travel tax". Each article provides unique insights and information.