Senator Sherwin Gatchalian on Monday, July 10 said the Senate is eyeing the passage of the bill imposing a 12 percent value added tax (VAT) on digital transactions before the end of the year. | ManilaBulletin
Senator Sherwin Gatchalian on Monday, July 10 said the Senate is eyeing the passage of the bill imposing a 12 percent value added tax on digital transactions before the end of the year.Gatchalian, chairman of the Senate Committee on Ways and Means, said the measure has already been approved by the House of Representatives, so the bill is now being finalized by the technical working group .
The Senate ways and means panel has been tackling Senate Bill No. 250, filed by Sen. Pia Cayetano and various similar measures that are pending before the committee. Gatchalian said the government is looking to collect P17-billion per year on average to P97-billion for the next five years once it is implemented.
The Philippines “is in the minority” or one of the five who do not impose VAT on digital service transactions.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Senator to MWSS: Act on water supply cutsSen. Grace Poe called on the MWSS to “be proactive” instead of being the “bearer of bad news for consumers” of Maynilad Water Services Inc. who may face up to nine hours of service interruptions starting this week. | janebautistaINQ MRamosINQ /PDI
Read more »
Senate to conduct hearing on bill seeking to create local film archive, bodyThe Senate Committee on Public Information and Mass Media will hold a hearing on the bill seeking to create an archive facility for local films and a management body ensuring its preservation.
Read more »
Senate panel to tackle bills on PH movie industryThe Senate is set to conduct public hearings on bills aimed at promoting the growth and development of the country’s movie industry by, among others, setting up a facility and creating a body to preserve local films. | FArgosinoINQ
Read more »
Jinggoy seeks early approval of Senate bill creating NFAP Senator Jinggoy Ejercito Estrada on Sunday, July 9 expressed hopes that his proposal for the establishment of the National Film Archive of the Philippines (NFAP) will gain momentum during the Second Regular Session of the 19th Congress. ManilaBulletin
Read more »
PAHAYAG Survey: Rody, Doc Willie Ong, Erwin Tulfo top-of-mind for 2025 Senate raceDespite a slight drop in popularity from 55 percent in the previous quarter to 51%, Duterte continues to be the top-of-mind choice among voters, the polling firm said. READ MORE:
Read more »
Former PRRD top potential Senate bet for 2025 elections in Publicus Asia surveyFormer President Rodrigo Duterte emerged as the leading potential candidate for the 2025 elections in the June 7-12, 2023 survey conducted by Publicus Asia. ManilaBulletin
Read more »