Philippines: Entry into force with grace period of Bill Amending and Adding New Sections of the National Internal Revenue Code including registration requirement (SB No. 2528)
Description
Entry into force with grace period of Bill Amending and Adding New Sections of the National Internal Revenue Code including registration requirement (SB No. 2528)
On 18 October 2024, the Bill Amending and Adding New Sections of the National Internal Revenue Code, including registration requirements for digital services (SB No. 2528), entered into force. The Bill mandates non-resident digital services provider…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
online advertising provider, digital payment provider (incl. cryptocurrencies), streaming service provider, platform intermediary: e-commerce, search service provider, infrastructure provider: cloud computing, storage and databases
Implementation Level
national
Government Branch
executive
Government Body
central government
Complete timeline of this policy change
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2024-01-30
under deliberation
2024-07-30
adopted