AGN Taxpresso: 2025 – Issue 3

AGN Taxpresso is a quarterly publication featuring content provided by AGN Asia Pacific Tax Committee members. Keep yourself and your clients in the know with:

• Up-to-date information on tax developments in Asia Pacific countries.
• Current corporate world issues and hot topics affecting the respective countries’ economies and global development – including insight into the potential impact this could have.
• Annual budget announcements.

In this issue…

PHILIPPINES

The Philippines’ new VAT on Digital Services Law (Republic Act No. 12023) takes effect 2 June 2025, requiring local and foreign digital platforms to charge and remit 12% VAT—aligning the country’s tax system with the digital economy. Contributed by Mendoza Tugano & Co.

INDIA

India’s GST Rate Reductions (effective 22 September 2025) simplify the four-slab system to two main rates (5% and 18%) and cut taxes across key sectors including healthcare, FMCG, agriculture, MSMEs, construction, and mobility—boosting consumption, easing compliance, and promoting inclusive growth. Contributed by Vikas Kochhar & Associates.