The European Union's "VAT in the Digital Age" (ViDA) reform package, approved by the ECOFIN Council on November 5, 2024, is set to bring major updates to the EU VAT system. For businesses outside the ...

Rules for taxing digital services sold across European borders are being reassessed just months after they came into force. Responding to complaints that they represent an unreasonable burden on small ...

Republic Act 12023 (RA 12023) became effective on October 18, 2024, following its publication in the Official Gazette on October 3, 2024. While the new law includes the value-added tax treatment of ...

The Directorate General of Taxes has appointed three companies as new digital transaction VAT collectors, including OpenAI.

THE Bureau of Internal Revenue (BIR) last Jan. 16 issued Revenue Regulations (RR) 3-2025 implementing provisions of Republic Act (RA) 12023 that imposed a 12-percent value-added tax (VAT) on gross ...

Since the Covid-19 pandemic began, numerous discussions about the imposition of taxes on digital transactions have been rolling. The government particularly eyes VAT on transactions made online as a ...

MANILA, Philippines — The country’s group of retailers cheered the signing of the law imposing value-added tax (VAT) on digital services as this would create a level playing field and contribute to ...

“It has been suggested that particularly the high-profile operators, which occupy a considerable part of the market, wish to be seen to be tax-compliant, notably for reputational reasons.” (OECD ...

MANILA, Philippines — The government is bent on capturing the digital economy into the country’s value-added tax (VAT) base even as the international community has not yet agreed on the taxation of ...