The European Union's "VAT in the Digital Age" (ViDA) reform package, approved by the ECOFIN Council on November 5, 2024, is set to bring major updates to the EU VAT system. For businesses outside the ...

THE Bureau of Internal Revenue (BIR) last Jan. 16 issued Revenue Regulations (RR) 3-2025 implementing provisions of Republic Act (RA) 12023 that imposed a 12-percent value-added tax (VAT) on gross ...

Opinion: Digital trade keeps growing, and so does the pressure on governments to update their tax rules. Alignment is now a key theme.

Fresh research has identified a gaping £1.6bn hole in Britain’s VAT collection structure for digital sales, a loophole which (if plugged) could have financed the Olympic Games. Greenwich Consulting ...

Making Tax Digital timeline As of April 2022, MTD for VAT became mandatory for all businesses who meet the threshold to be registered for VAT, regardless of turnover. As of now, any business signed up ...

MANILA (Reuters) - The Philippines will impose a 12% value-added tax (VAT) on digital services offered by tech giants such as Amazon, Netflix, Disney, and Alphabet, in a move that will level the ...

MANILA — After Netflix, other digital services may soon raise prices as the 12 percent VAT on non-resident digital firms takes effect this month. Netflix, one of the largest and most popular video ...

JAKARTA, May 15 (Reuters) - Indonesia will require big internet companies to pay value-added taxes (VAT) on sales of digital products and services from July as part of efforts to boost revenue amid ...