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  1. Only showing results from www.gmanetwork.com

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  2. Oct 2, 2024The law states that 5% of the incremental revenue from the value added tax on digital service providers shall be allocated to and used exclusively for the development of creative industries. Further, foreign digital service providers whose gross sales or receipts for the past year have exceeded P3 million are required to register for VAT.
  3. Oct 2, 2024President Ferdinand "Bongbong" Marcos Jr. on Wednesday signed into law the measure seeking to impose a 12% value-added tax (VAT) on digital services provided by foreign companies. The ceremonial signing of Republic Act 12023 took place at the Ceremonial Hall of Malacañang Palace.
  4. Sep 25, 2024The Congress-approved measure seeking to impose a 12% value-added tax (VAT) on digital services provided by foreigners is expected to be signed into law by President Ferdinand Marcos Jr. next month, a top official of the Department of Finance (DOF) said Wednesday.
  5. Oct 2, 2024The DOF said there will be a transition period of 120 days from the effectivity of the law's implementing rules and regulations (IRR) to enable the BIR to establish implementation systems before value-added tax is imposed on foreign DSPs. The IRR will be promulgated 90 days from the effectivity of the Act.—AOL, GMA Integrated News
  6. Aug 7, 2024Finance Secretary Ralph Recto expressed confidence on Wednesday that President Ferdinand Marcos Jr. will sign into law the Congress-approved measure seeking to charge a 12% value-added tax (VAT) on digital services provided by foreigners. ... At the Kapihan sa Manila Bay news forum, Recto said the Department of Finance, along with the Bureau of ...
  7. Jun 27, 2024The bicameral conference committee on Thursday approved the bill imposing a 12% value-added tax (VAT) on non-resident digital service providers, according to Albay Representative Joey Salceda. ... The lawmaker said the enactment of the measure into law would not affect the protection provided for small business under the Barangay Micro Business ...
  8. The House ways and means panel has approved a bill seeking to impose a 12% Value Added Tax (VAT) on some foreign and local companies providing goods and services via digital and electronic platforms. ... GMA News . Published July 29, 2020 11:36am Updated July 29, 2020 2:39pm . The House ways and means panel has approved a bill seeking to impose ...
  9. Jul 6, 2023The Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, passed into law in March 2021, provided tax cuts for businesses as they struggled during the peak of the pandemic lockdowns in 2020. Among the tax relief measures is the granting of a 1% percentage tax for non-value added tax (VAT) taxpayers until June 30, 2023.
  10. The House of Representatives on Tuesday approved on third and final reading the proposed measure imposing a 12% value added tax (VAT) on digital transactions. Voting 167-6-1, the lower chamber approved House Bill 7425 or an Act Establishing Digital Taxation in the Philippines.
  11. MANILA, Philippines - President Gloria Macapagal Arroyo's detractors on Monday took turns in criticizing the 57-minute State of the Nation Address (SONA) of the chief executive, which was filled with explanations on how the controversial expanded value added tax (e-VAT) helped the nation cope with the global economic crisis. An umbrella organization of activist lawyers, the Alternative Law ...

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