New tax law hopes to raise P105B from foreign DSPs
MANILA, Philippines — President Marcos on Wednesday signed into law a measure imposing a 12-percent value-added tax (VAT) on foreign digital service providers (DSPs) of video and music streaming, conferencing and online marketplaces in a bid to raise about P105 billion in revenues over the next five years. Republic Act No. 12023 amended the 1997
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