House approves 12% VAT on digital transactions

MANILA - Voting 167-6-1, the House of Representatives has approved on final reading House Bill 7425, imposing a 12 percent value-added tax on digital transactions in the Philippines.

It said the bill clarifies the imposition of VAT on electronic or online sale of services such as: online advertisement services and provision for digital advertising space; digital services in exchange for a regular subscription fee; and supply of other electronic and online services that can be delivered through the internet.

It requires nonresident DSPs to collect and remit the VAT on the transactions that pass through its platform. It exempts books and other printed materials that are sold electronically or online from VAT. It precludes non resident DSPs from claiming creditable input tax. It simplifies invoicing and registration requirements for VAT-registered nonresident DSPs.

infectious_dx “digital services in exchange for a regular subscription fee;“ mag expect na mas mamahal ang netflix at ibang subscription channel. 🤦🏻‍♂️

Puro tax! Hindi naman deserving!

Jusme ang laki naman

Lahat nalng talaga! Its fun in the Philippines!!!!

Ahh tlg charmaine.

ang daming perang napupunta sa hindi tama dahil sa kurapsyon tapos ipapasa nyo na naman sa taumbayan ang kasalanan ng mga opisyales ng gobyerno

mga putangina nyo

Lalu pinahhihirap mga pilipino

Letcheha uy.

As it should. Nakakafrustrate lang to imagine how these taxes are utilized at the other end. Consumers are already shaking. 😵‍💫

Yan n nga lang ang libre smin samantalang kyo libre n kumukuha s kaban ng bayan..

Nasimot na talaga ni Duterte ang kaban ng bayan. Kung kailan lumakas ang online transaction, saka papatawan ng buwis. Buwis-it !!!

Lahat ng galaw sa Pinas puro tax. Kulang nalang pati pag-utot i-tax niyo na rin

kakapal nyo... tangina lahat nlang. sobra dami na ng binabsyaran ninanakaw nyo nman.

Gusto ko kayo murahin 😡😡😡

POO TAN INN NOW!!!! MAY TAX NA ANG SWELDO NAMIN, BINABAWASAN PA NG CONTRIBUTION SA SSS, PHILHEATH NA KINUKURAKOT NAMAN, MAY VAT PA ANG GROCERIES, AT IDADAGDAG NYO PA TO!!!! MGA HIGH UP KAYONG NASA GOBYERNO!!!!

Pota lahat nalang

O ayan lahat ng kapunyetahan sa atin din naman Ang bagsak haha lintek

Wtf!!!!

Duterte legacy

TANGINA NYO TALAGA MGA TONGRESSMEN!

President Duterte paki Veto ito. Langya naman kayong mga Congressmen. Bwisit!

Potek! More pera na naman na makukulimbat . Tssskkk

dagdag sa bulsa ng mga corrupt officials. kung kelan pandemic saka lalong pinahihirapan ang mga tao🤮🤮🤮

Really

Tangina nyo lahat nlng

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