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.
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 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 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 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.
Marcos signs law imposing 12% VAT on Netflix, Disney+, and other foreign digital services
President Ferdinand "Bongbong" Marcos Jr. signed the bill imposing taxes on foreign digital service providers (DSP) like streaming platforms Netflix and Disney+ as well as e-commerce site Amazon. Republic Act No.
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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 ...
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New tax law hopes to raise P105B from foreign DSPs
President Marcos on Wednesday signed into law a measure imposing a 12-percent value-added tax (VAT) on foreign digital ...
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Lumagui: VAT on Resident & Non-Resident Digital Service Providers will promote a Fair & Competitive Business Environment in the Philippines
Commissioner Romeo D. Lumagui Jr. supports the goal of Republic Act No. 12023, which is to level the playing field between ...
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.