TAG

#VAT on digital transactions

1 Articles

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".

More About VAT on digital transactions

Frequently Asked Questions

What is VAT on digital transactions?

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.

What have you covered about 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.

Where can I find articles about VAT on digital transactions?

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.