Tag: ratifies
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Senate ratifies bicam report on 12% VAT on foreign digital service providers
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THE SENATE on Monday adopted the bicameral conference committee report on a bill imposing a 12% value-added tax (VAT) on digital service providers without a physical presence in the Philippines such as e-commerce giants Amazon, Shein and Taobao. The reconciled version of the bill reinforces the Bureau of Internal Revenue’s…