The impact and significance of digitalization in our daily lives have become more apparent through the years. As a country, we have heavily relied on digital service providers , especially during the height of the COVID-19 pandemic. And such reliance continues as many Filipinos depend on various online platforms and digital services to access their basic needs.
2) Sale of online subscription-based services to listed government institutions and recognized educational institutions; and This is not the first time that the Philippines has tried to subject foreign DSPs to 12 percent VAT. SB 2528 is just one of several iterations of the VAT on digital services bill that the Philippines has considered in the past two years. Because of failure to successfully enact a digital services tax bill into law, the country is losing out on much-needed revenues.
This part of the bill seems to echo the Bureau of Internal Revenue’s pronouncements in Revenue Memorandum Circular 5-2024, which caused furor from earlier this year, as it stretched the prevailing situs rules to cover a list of cross-border transactions, including services “provided, processed or performed overseas and then utilized, applied, executed or consumed within the Philippines,” subject to examination of all the components of the transaction, as clarified in RMC 38-2024.
The Metro Pacific Tollways Corp. has scored a state-owned firm for dragging one of its units to court without going through...
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