The Philippine Department of Finance has issued a release noting the recent approval of House Bill No. 4122, an Act Imposing Value-Added Tax on Digital Transactions in the Philippines (previous coverage). --- House bill clarifying the imposition of VAT on digital transactions passed on third reading The House of Representatives approved on third and final reading a bill that seeks to clarify the imposition of value-added tax (VAT) on digital transactions on Monday, November 14, 2022. House Bill (HB) No. 4122, entitled Imposing Value-Added Tax on Digital Transactions in the Philippines, does not impose new taxes, but clarifies the imposition...