Philippines: Passage to Philippine Senate of House Bill 7425 introducing indirect taxation on digital service providers
Description
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…
Scope
Policy Area
Taxation
Policy Instrument
Indirect taxes
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
legislature
Government Body
parliament