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Philippines Draft Regulations for VAT on Digital Services

|Approved Changes|Philippines
Philippines

The Philippines Bureau of Internal Revenue (BIR) has published draft Revenue Regulations for the implementation of Republic Act No. 12023, which imposes a 12% VAT on all digital services consumed in the Philippines, including those provided by foreign digital service providers (DSPs). As previously reported, the Act was signed into law on 2 October 2024, with the implementing rules and regula…

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