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 bill aims to level the playing field between traditional and digital businesses by imposing a VAT on digital transactions. The proposed bill seeks to amend Section 105-A of the National Internal Revenue with a provision making a non-resident digital service provider (DSP) liable for assessing, collecting, and remitting the VAT on the transactions that pass through its platform. In addition, The bill covers digital transactions on subscription-based video and audio streaming services, online advertising services, and other online digital services. Read more in our articles including "House approves bill imposing 12% VAT on digital transactions" and "How to activate Globe GPRS".
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 bill aims to level the playing field between traditional and digital businesses by imposing a VAT on digital transactions.
The proposed bill seeks to amend Section 105-A of the National Internal Revenue with a provision making a non-resident digital service provider (DSP) liable for assessing, collecting, and remitting the VAT on the transactions that pass through its platform. In addition, The bill covers digital transactions on subscription-based video and audio streaming services, online advertising services, and other online digital services.
Our coverage of VAT on digital transactions includes: "House approves bill imposing 12% VAT on digital transactions"; "How to activate Globe GPRS"; "Western Digital Around the World Contest". Each article provides unique insights and information.