Filipinos managing long-term and costly illnesses can expect some relief as the Food and Drug Administration (FDA) has endorsed 10 additional medicines to be exempted from value-added tax (VAT). Read more »
With the implementation of the value-added tax law on digital services, Netflix will raise the cost of its membership plans in the Philippines on June 1. Read more »
Foreign tourists in the Philippines can now enjoy tax-free shopping, thanks to the newly signed implementing rules and regulations (IRR) for the VAT Refund for Non-Resident Tourists program. Read more »
Starting June 1, 2025, Steam will begin applying a 12% value-added tax (VAT) to purchases made by Filipino users. Read more »
In a significant move for the digital economy, President Ferdinand Marcos Jr. has signed into law a Value-Added Tax (VAT) on Digital Services. This law applies to overseas e-commerce firms and popular streaming platforms. Read more »
The Bureau of Internal Revenue (BIR) has broadened its VAT exemption list to include 15 additional medicines, aiming to ease the financial strain on individuals needing crucial treatments for cancer, high cholesterol, hypertension, and mental health conditions. Read more »
