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VAT filing deadline extended for foreign digital providers

VAT filing deadline extended for foreign digital providers – BusinessWorld Online


      
      
      
      
      








STOCK PHOTO | Image by andrespradagarcia from Pixabay

THE Bureau of Internal Revenue (BIR) said it extended the deadline for filing value-added tax (VAT) returns for non-resident digital service providers to Aug. 5.

In a Revenue Memorandum Circular on Thursday, the extension applies to VAT returns and payments for the second quarter.

The original deadline had been July 25 but was later moved to July 31 in the wake of widespread flooding in many parts of the country last week.

“If the extended due dates fall on a holiday or non-working day, the filing of the VAT returns and payment of VAT due thereon shall be made on the next working day,” it said.

The government imposed a 12% VAT on digital services consumed in the Philippines on June 1. President Ferdinand R. Marcos, Jr. signed the digital services VAT law in October.

The Department of Finance (DoF) has said that the government will generate P102.12 billion in revenue from the VAT between 2025 and 2028. — Aubrey Rose A. Inosante

CEDTyClea





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