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Digital services now subject to VAT
Government sees P102 billion tax take in 5 years MANILA, Philippines — Digital platforms offered by foreign companies such as Netflix are now subject to 12 percent value-added tax (VAT) under a new law signed by President Marcos yesterday.
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.
Philippines Imposes 12% Value-Added Tax on Netflix, HBO Services
Philippine President Ferdinand Marcos Jr. on Wednesday signed a law imposing a 12% value-added tax on non-resident digital service providers including Netflix, HBO and Disney.Most Read from BloombergA 7,
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Philippines To Tax Foreign-Based Digital Service Providers
Philippine President Ferdinand Marcos on Wednesday signed into law a measure that imposes a 12 percent value-added tax on ...
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Philippines
VAT
Ferdinand Marcos
Netflix
Digital economy
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