Philippines: Taxation requirement in Philippine House Bill 7425 (VAT digital transactions)
Progress
Current status
under deliberation
21 Sep 2021 under deliberation
20 Aug 2020 under deliberation
Scope
Implementers
Philippines
Policy Area
Taxation
Policy Instrument
Indirect taxes
Regulated Economic Activity
cross-cutting
Government Branch
legislature
Government Body
parliament
Implementation Level
national
Timeline of events
Passage to Philippine Senate of House Bill 7425 introducing indirect taxation on digital service providers
House Bill 7425 is adopted by the Philippine House of representatives and is passed to the Senate for approval. The Bill imposes a 12 percent value-added tax (VAT) on digital transactions. The "digital service providers" definition includes third-pa…
SourceEvent type
law
Action type
passage
Government branch
legislature
Government body
parliament
Introduction of House Bill 7425 introducing indirect taxation on digital service providers
House Bill 7425 is introduced in the House of Representatives for discussion. The Bill imposes a 12 per cent value-added tax (VAT) on digital transactions. The "digital service providers" definition includes third party sellers, e-commerce and aucti…
SourceEvent type
law
Action type
introduction
Government branch
legislature
Government body
parliament