08.04.23

Tax on foreign digital service provider

Last year we communicated on the proposal of imposing VAT obligation on digital services and goods from Foreign Digital Service Providers (DSPs).  

This proposal (House Bill No. 4122) has been approved by the House of Representatives and is now passed onto the Senate for the next step in the legislative process. 

Under the bill, Foreign DSPs that supply digital goods or services to Filipino consumers are required to collect, calculate, and remit 12% of VAT.  

 

Compliance is complicated

Want to learn more about how Tungsten Network makes the process of staying compliant easier?