By GMA News
House Ways and Means Committee Chairperson Joey Salceda said that the proposed measure to tax companies providing goods and services via digital and electronic platforms was not created to burden micro, small, and medium enterprises (MSMEs) but was only meant for non-resident foreign corporations.
Salceda clarified that no new taxes were being imposed, and the proposal to impose value-added tax (VAT) would be for non-resident foreign corporations.
“There’s no new tax being imposed. Anybody who is not exempted is presumed to be covered by the VAT Law,” he said in an interview on The Howie Severino Podcast.
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