Digital services now subject to VAT
Digital platforms offered by foreign companies such as Netflix are now subject to 12 percent value-added tax under a new law signed by President Marcos yesterday.
Philippines imposes 12% VAT on Netflix, Disney services
Philippines has officially enacted a 12% value-added tax (VAT) on non-resident digital service providers, including popular platforms like Netflix, HBO, and Dis
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.
Philippines imposes 12% value-added tax on Netflix, HBO services
MANILA - Philippine President Ferdinand Marcos Jr. on Wednesday signed a law imposing a 12% value-added tax (VAT) on non-resident digital service providers including Netflix, HBO and Disney.
Philippines make Netflix, HBO streaming expensive with 12% value-added tax
This law could support the development of local streaming platforms as global companies like Netflix and regional provider Viu aim to grow their presence in the Philippines, which has a population exc
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.
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