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  1. Only showing results from www.manilatimes.net

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  2. manilatimes.net

    Oct 3, 2024Republic Act (RA) 12023, or the Value Added Tax (VAT) on Digital Services Law, a priority measure of the administration, imposes a 12-percent VAT on non-resident DSPs to generate additional revenue for the government and to level the playing field for local providers.
  3. manilatimes.net

    Oct 2, 2024MANILA, Philippines — President Ferdinand Marcos Jr. on Wednesday signed into law the bill seeking to impose value added tax (VAT) on digital services provided by foreign companies. In a ceremony in Malacañang, Marcos signed Republic Act (RA) 12023 or the Value Added Tax (VAT) on Digital Services Law before legislators, Cabinet members, and ...
  4. manilatimes.net

    Oct 7, 2024REPUBLIC Act (RA) 12023, which provides additional requirements for the imposition of value-added tax (VAT) on digital services, has now been signed into law. This means that online purchases from digital marketplaces and platforms that have not been subject to VAT for the longest time are now VAT-able. Streaming services like Netflix and Amazon Prime, as well as purchases from e-commerce ...
  5. manilatimes.net

    Oct 10, 2024ON October 3, Republic Act (RA) 12023 was signed into law, which imposes value-added tax (VAT) on gross sales derived from the sale or exchange of digital services, amending provisions in the National Internal Revenue Code of 1997 (Tax Code). With the passage of RA 12023, the Philippines joins Singapore, Indonesia, Malaysia and Thailand, which have earlier levied their own VAT from digital ...

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