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BusinessWorld Economy

VAT on Digital Services: What RMC 59-2026 means for taxpayers

Keeping up with the tax regulations is already challenging, and the inclusion of digital services adds further complexity. Recent guidance from the Bureau of Internal Revenue (BIR), however, provides welcome clarity. Through Revenue Memorandum Circular (RMC) No. 59-2026 issued on June 2, 2026, the BIR provides timely and necessary clarifications on how value-added tax (VAT) […]

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Source: bworldonline.com

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