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Proposed go-live date on the VAT on e-invoices

In a previous post, Kofax discussed the proposal to introduce VAT on electronic services supplied by non-residents in the Philippines.

The proposal will impose 12% VAT on foreign businesses that provide digital services, such as streaming games, music, and e-books to consumers based in the Philippines.

This rule is scheduled to be implemented by the House of Representatives in March 2024

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