The Philippine News Agency issued a release on 14 November 2022 announcing that the House of Representatives has approved in its final reading House Bill No. 4122 (initially No. 372), an Act Imposing Value-Added Tax on Digital Transactions in the Philippines. The Bill provides for the imposition of VAT on electronic or online sales of services (digital services) such as online advertisement services and the provision of digital advertising space, digital services in exchange for a subscription fee, and the supply of other electronic and online services that can be delivered through the internet. House Bill No. 4122 is similar...