VAT on foreign digital services won’t lead to big fee hikes – BIR

The Bureau of Internal Revenue (BIR) said the new law imposing a 12-percent value-added tax (VAT) on foreign digital services will not result in “substantial” increases in service fees and subscription prices of providers. “When it comes down to it, we can’t say what effect that will have on the price. But as far as
Read The Rest at :