PBBM signs new law imposing 12% VAT on digital transactions
QUEZON CITY — President Ferdinand R. Marcos Jr. signed today the measure imposing a 12-percent value-added tax (VAT) on digital transactions, which aims to level the playing field for local and foreign digital service providers (DSPs), streamline tax administration, and shore up government coffers by at least P80 billion in revenues. The ceremonial signing of…