The Value Added Tax (VAT) on Digital Services Law (RA No. 12023) imposes a 12% VAT on digital services provided by both resident and nonresident digital service providers. This includes subscriptions to streaming services and online marketplaces. What does this mean for consumers and businesses? This week’s “Taxwise or Otherwise” article, written by PwC Philippines Tax Services Assistant Manager Clarissa Mae Sy, explores this question in depth. Read the full article here: https://www.pwc.com/ph/

10K views · 556 reactions | ICYMI: The Philippines is now value-added tax (VAT) -free for foreign tourists with the recent signing of the implementing rules and regulations (IRR) for Republic Act No. 12079, or the VAT Refund for Non-Resident Tourists. Watch the video to see the highlights of the event. #DOFUpdates #RectoUpdates #RalphRecto #DepartmentofFinance | Department of Finance | Facebook