Law imposing 12% VAT on digital services signed

President Marcos has signed into law Republic Act (RA) No. 12023 or the Value Added Tax (VAT) on Digital Services Law which imposes a 12-percent VAT on digital service providers (DSPs) to level the playing field for local providers and generate additional revenue that will be used to build more classrooms, health centers, and farm-to-market roads in the next five years.

READ MORE: https://mb.com.ph/2024/9/28/PBBM-signs-digital-services-VAT

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