The Philippine Bureau of Internal Revenue April 24 opened a consultation on a draft regulation to impose a creditable withholding tax on payments made by online platform providers to suppliers of goods and services. The regulation includes measures to: 1) impose a 1 percent creditable withholding tax on one-half of the gross remittances paid by platform operators to suppliers; 2) apply the tax in addition to any existing withholding requirements imposed on online platform providers; and 3) apply the tax when a single transaction equals at least 10,000 Philippine pesos (US$180), or when the same buyer and seller engage in …


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