The new rule applies to all new deposit transactions, both peso and foreign currency, on or after July 1.
How the new VAT law affects digital services in the Philippines, including streaming, gaming, freelancing, and online marketplaces.
The Bureau of Internal Revenue (BIR) commemorated its 120th anniversary with a significant upgrade in taxpayer services, a brand new logo, and an upgraded…
Online sellers who earn more than ₱500,000 annually will now be subject to a 1-percent withholding tax, the Bureau of Internal Revenue (BIR) announced…
BIR aims to “level the playing field” between online and offline businesses.