Forbes contributors publish independent expert analyses and insights. Aleksandra Bal covers indirect tax and technology developments. Oct 29, 2024, 03:41pm EDT Close-up view of a keyboard with 2025 ...

For many taxpayers, the end of the first quarter of 2026 marks the filing of several tax returns, notably the filing of the Value-Added Tax (VAT) on Digital Services (VDS). Starting June 2, 2025, ...

After numerous discussions among various stakeholders, the imposition of VAT in the country on the digital services provided by nonresidents finally came into play last year. Beginning yesterday, June ...

This Christmas season, should we really stream or use digital services and “chill” following the enactment of RA 12023 or the Value-Added Tax (VAT) on Digital Services Law last Oct. 18, 2024? As the ...

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 ...

In October, the Philippines joined the growing list of countries like Indonesia, Malaysia, Thailand, Singapore, and Japan, in imposing a consumption tax on digital services with the signing of ...

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 ...

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 ...

A year after the final mandate for Making Tax Digital for VAT coming into force – with all VAT-registered businesses bound to comply – what do we know and what have we learned? Small Business sat down ...