PCCI: VAT on digital services supports fair competition

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The Philippine Chamber of Commerce and Industry said it supports the enactment of a law imposing value-added tax on digital services.

Republic Act No. 12023 extends the 12-percent VAT to non-resident digital service providers, aiming to create a level playing field for local and foreign providers. The new law also modernizes the country’s tax system and improves tax collection efficiency in the expanding digital economy, she said.

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MlaStandard /  🏆 20. in PH

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