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BIR says VAT on foreign DSPs is not a new tax
PTVPhilippines
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1 year ago
BIR says VAT on foreign DSPs is not a new tax
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00:00
The Bureau of Internal Revenue or BIR stated that the VAT on digital services from foreign entities is not a new tax.
00:08
BIR Commissioner Romeo Lumagi Jr. explained that the new law fosters fair competition
00:14
by ensuring both local and foreign companies doing business in the country are subject to the same VAT.
00:21
The law mandates that foreign digital service providers with gross sales or receipts exceeding 3 million pesos in the past year
00:29
must register for VAT.
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