EXPLAINER: What are the digital services affected by VAT on non-resident DSPs?
The newly signed Republic Act (RA) 12023 aims to impose a 12% Value Added Tax (VAT) on non-resident digital service providers (DSPs) in order to generate additional revenue for the government.
The newly signed Republic Act (RA) 12023 aims to impose a 12% Value Added Tax (VAT) on non-resident digital service providers (DSPs) in order to generate additional revenue for the government.