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 regulations to be issued within 90 days from the effective date of the Act and a transition period of 120 days from the effective date of the rules and regulations to allow the tax authority time to establish implementation systems...