Update - Philippines VAT on Digital Services Requirements
Effective 1 June 2025, non-resident digital services providers (DSPs) will be subject to VAT requirements on the supply of digital services consumed in the Philippines if gross sales exceed PHP 3 million. As previously reported, Republic Act No. 12023 introduced requirements for the imposition of a 12% VAT on digital services, which was signed into law in October 2024. The draft regulations to…
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