Marcos signs into law VAT on foreign digital services
President Ferdinand Marcos Jr., signed into law Republic Act 12023, a measure imposing a 12% value-added tax (VAT) on nonresident digital service providers. “We are not imposing new taxes, we…
President Ferdinand Marcos Jr., signed into law Republic Act 12023, a measure imposing a 12% value-added tax (VAT) on nonresident digital service providers. “We are not imposing new taxes, we…