Tax Update 3 [Revenue Regulations (RR) No. 3-2025 dated 17 January 2025]

Sets policies for RA 12023, imposing VAT on digital services by amending key sections of the National Internal Revenue Code.

Prescribing policies and guidelines for the implementation of Republic Act No. 12023, entitled “An Act Amending Sections 105, 108, 109, 110, 113, 114, 115, 128, 236 and 288 and Adding New Sections 108-A and 108-B of the National Internal Revenue Code of 1997, as Amended,” Imposing the Value-Added Tax on Digital Services.

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Founded in the heart of Davao City in 2020, Davao Accountants is a boutique corporate solutions firm dedicated to providing exceptional professional services tailored to the unique needs of our clients. Our boutique approach allows us to offer a personalized touch and a higher level of attention to detail that larger firms often overlook.