PH nets nearly P3-B digital VAT from tech companies
The government has collected nearly P3 billion so far from technology firms under a 12 percent value-added tax (VAT) on digital services. This achievement marks a significant step in capturing revenues that had long proved elusive amid the rapid growth of the online economy.
Latest data from the Bureau of Internal Revenue (BIR) showed total VAT collections from digital services consumed in the country continue to grow, reflecting increased compliance and the expanding digital market.
https://business.inquirer.net/549657/ph-nets-nearly-p3-b-digital-vat-from-tech-companies
