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 ...
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Guidelines in imposing VAT on digital services
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 ...
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 ...
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