31 January 2025
The Bureau of Internal Revenue (BIR) recently executed implementing regulations (Revenue Regulations 003-2025) which will introduce VAT on digital services provided by foreign providers to local Filipino consumers and non-VAT registered resident businesses from the 16 May 2025.
The BIR has also confirmed that they will open a new simplified VAT registration portal from 31 March, and that affected companies will not be required to register until they exceed an annual threshold of PHP 3 million (approx. £41,000).
There will also be no need to engage a local tax agent or fiscal representative to VAT register in the country.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
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