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Philippines, Cambodia to sign double taxation agreement

Philippines, Cambodia to sign double taxation agreement
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PHL, Cambodia finish draft of double taxation accord | Reine Juvierre Alberto

THE Philippines and Cambodia have concluded the draft of a double taxation agreement (DTA) which aims to eliminate the burden of being taxed twice on the same source of income and prevent tax evasion and avoidance.  The Department of Finance (DOF) said in a statement on Friday that it convened…

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DOF to collect VAT from foreign DSPs

The Department of Finance (DOF) wants large foreign digital service providers (DSP) to remit to the Bureau of Internal Revenue (BIR) the value-added tax (VAT) in transactions that go through their platforms. Finance Director Euvimil Nina R. Asuncion said the DOF supports House Bill (HB) No. 7425

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