Philippines levies 12% VAT tax on digital services by tech giants
The Philippines will impose a 12% value-added tax (VAT) on digital services offered by tech giants such as Amazon , Netflix , Disney , and Alphabet , in a move that will level the playing field with domestic brick and mortar players,
VAT on foreign digital services won’t lead to big fee hikes – BIR
The Bureau of Internal Revenue (BIR) said the new law imposing a 12-percent value-added tax (VAT) on foreign digital services will not result in “substantial” increases in service fees and subscription prices of providers.
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
Filipino consumers face higher streaming prices with VAT on foreign digital services – tax expert
Companies such as Netflix will likely pass the burden of the 12% VAT to consumers by hiking prices, says Mon Abrera, founding chairman and chief executive officer of the Asian Consulting Group
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,
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 foreign-based firms providing digital services in the country.
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 service providers such as streaming platforms Netflix and Amazon,
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