OrbitaxPhilippine Department of Finance Notes Recent Approval of Bill for VAT on Digital Transactions
|Proposed Changes|Philippines
The Philippine Department of Finance has issued a release noting the recent approval of House Bill No. 4122, an Act Imposing Value-Added Tax on Digital Transactions in the Philippines (previous coverage).
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House bill clarifying the imposition of VAT on digital transactions passed on third reading
The House of Representatives approved on third and final reading a bill that seeks to clarify the imposition of value-added tax (VAT) on digital transactions on Monday, November 14, 2022.
Ho…