VAT compliance is one of the most closely audited areas in Philippine tax enforcement — and one of the most frequently mismanaged. Most businesses don't discover their VAT exposure until they receive a Letter…
Reducing VAT from 12% to 10% may seem appealing, but the DOF warns it could significantly weaken government revenues, fiscal stability, and fairness. According to the Department of Finance (DOF),…
BIR Now Requires VAT Compliance from Non-Resident Digital Service Providers The Bureau of Internal Revenue (BIR) has officially rolled out the 12% VAT requirement for non-resident digital service providers (DSPs)…
New VAT Rules for Digital Services: What Foreign Providers Must Know If your digital business earns income from customers in the Philippines, the BIR now requires you to register and…
How the 12% VAT on Digital Services Affects Your Business in the Philippines If your business relies on tools like Canva, Google Ads, AWS, or QuickBooks, you need to know…
We’re sharing a news update from the Bureau of Internal Revenue (BIR) to help businesses stay informed of recent changes in tax procedures. The BIR has announced a significant update…
Foreign tourists visiting the Philippines will soon enjoy a more rewarding shopping experience. Under Republic Act No. 12079, the Philippine government has approved the VAT Refund Program for Non-Resident Tourists,…
The Philippine Senate is buzzing with discussions over a proposed measure that could shake up the country's digital entertainment industry. The focus is now on Senate Bill 2528, seeking to…
Are you engaged in trade or business? Are you practicing a profession? If you are, you must pay the taxes you are liable for. These taxes can be in the…
If you’re a businessman, it’s critical to understand the various taxes that the government can impose on your operations. Apart from an annual income tax, you could be remitting VAT.…