Philippine Senator Sherwin Gatchalian files resolution to investigate BIR's 25% withholding tax and 12% VAT on foreign corporations' cross-border services.

Philippine Senator Sherwin Gatchalian filed a resolution to investigate the 25% withholding tax and 12% VAT imposed on cross-border services by foreign corporations. The Bureau of Internal Revenue's (BIR) move could increase business costs, deter foreign investment, and affect local taxpayers. Gatchalian called for a review of BIR issuances to ensure compliance with the law and a Supreme Court decision.

March 31, 2024
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