Marcos signs law imposing 12% VAT on foreign digital services
President Ferdinand Marcos Jr. has signed into law a measure that taxes foreign digital services, which includes overseas-based e-commerce firms and popular streaming platforms such as Netflix, HBO and Disney.
No hefty hike seen in foreign digital service rates after VAT law
The government is not expecting foreign digital service providers (DSPs) to implement a significant increase in the prices of their services and goods following the enactment of a measure imposing value-added tax (VAT) on non-resident DSPs.
Marcos approves VAT on foreign digital services
PRESIDENT Ferdinand Marcos Jr. on Wednesday signed a law imposing value-added taxes (VAT) on foreign digital service providers (DSPs) such as streaming platforms Netflix and Disney+ as well as e-commerce site Amazon.
DOF: Gov’t expects to collect P102.12B from VAT on foreign digital services in 5 years
The newly imposed 12% value-added tax on digital services provided by non-resident or foreign entities is expected to generate over a hundred billion pesos in revenues for the government in the next five years,
Explainer: VAT on Digital Services Law
PRESIDENT Ferdinand Marcos Jr. has signed a law imposing a 12 percent value-added tax (VAT) on foreign digital service providers (DSPs), marking a significant c
New PH Law Enacts 12% VAT on Foreign Digital Services
The new legislation, known as Republic Act 112023, establishes a 12% VAT on digital services offered by both resident and non-resident digital providers, regardless of their physical presence in the Philippines. ALSO READ: Worry No More If Your Kids End Up Watching Netflix Without You Noticing
VAT on digital services won’t crimp sector’s growth–DOF
THE Department of Finance (DOF) on Wednesday gave assurances the value-added tax (VAT) on digital services will not hinder the growth of the digital economy. President Ferdinand R. Marcos Jr. signed Republic Act 12023 or the VAT on Digital Services on Wednesday,
Marcos signs law imposing 12% VAT on foreign digital services providers
PRESIDENT Ferdinand Marcos Jr. has signed into law the imposition of a 12 percent value-added tax (VAT) on foreign digital service providers (DSPs), a priority
Marcos signs VAT on foreign digital services law
President Ferdinand R. Marcos Jr. signed into law on Wednesday a measure imposing a value-added tax (VAT) on foreign digital services providers (DSPs). A priority measure of the administration, Republic Act (RA) 12023 imposes a 12 percent VAT on foreign DSPs,
Marcos signs law imposing 12% VAT on digital services from offshore firms | INQToday
President Bongbong Marcos signed into law the Value-added tax on Digital Services, which will impose a 12% VAT on digital services provided by foreigners.
New law imposes VAT on Netflix, other digital services
President Ferdinand Marcos Jr. on Wednesday signed into law the Value Added Tax (VAT) on Digital Services. The measure imposes 12-percent VAT on foreign digital services such as Netflix and Amazon to boost government revenue and fund programs.
Business Times20h
Philippines to tax foreign-based digital service providers
PHILIPPINE President Ferdinand Marcos on Wednesday (Oct 2) signed into law a measure that imposes a 12 per cent value-added ...
Digital service providers based abroad to be taxed
President Ferdinand Marcos has signed into law a measure that imposes a 12% value-added tax on foreign-based firms providing digital services in the country.
BusinessMirror3d
Digital transactions VAT may raise ₱80B for govt
THE bill imposing a 12-percent value-added tax (VAT) on digital transactions expected enacted this week will level the playing field for local and foreign digital service providers (DSPs), streamline ...