Educational Digital Services Exempted from 12% VAT Under New Law

- Advertisement -

President Ferdinand Marcos Jr. clarified that foreign digital services related to education are exempt from the 12% Value-Added Tax (VAT) under the newly signed Republic Act No. 12023.

This move aligns with the government’s priority to make education affordable and accessible to Filipinos.

- Advertisement -

The law, which imposes a 12% VAT on non-resident digital service providers (DSPs), specifically exempts online courses, webinars, learning platforms, and other digital educational services.

Marcos assured that the law ensures tax compliance for DSPs while fostering fair competition for local service providers.

The government expects to collect around PhP105 billion in revenue over the next five years, with 5% allocated to support the country’s creative industries, benefiting filmmakers, artists, musicians, and content creators.

- Advertisement -

Latest

Tom Holland appears to confirm marriage to Zendaya

The Spider-Man star has found his person!

Sen. Alan Cayetano becomes Philippines’ second shortest-serving Senate President

MANILA, Philippines — Sen. Alan Peter Cayetano has become...

Ateneo Coach Tab to face CIDG, DOLE over athletes’ deaths

MANILA, Philippines — Ateneo de Manila University basketball coach...

Curlee Discaya to seek bail following arrest in flood control case

MANILA, Philippines — The camp of contractor Pacifico “Curlee”...

Palace urges Gatchalian bloc to reject Cayetano’s interim proposal

MANILA, Philippines — Malacañang on Monday advised senators aligned...

Newsletter

Tom Holland appears to confirm marriage to Zendaya

The Spider-Man star has found his person!

Ateneo Coach Tab to face CIDG, DOLE over athletes’ deaths

MANILA, Philippines — Ateneo de Manila University basketball coach Tab Baldwin is expected to appear before the Criminal Investigation and Detection Group (CIDG) and...

Sen. Alan Cayetano becomes Philippines’ second shortest-serving Senate President

MANILA, Philippines — Sen. Alan Peter Cayetano has become the second shortest-serving Senate president in Philippine history after being removed from the chamber’s top...