VAT, BIR
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
VAT on foreign digital services not a new tax, says BIR
The imposition of value-added tax (VAT) on digital services provided by foreign entities is not a new tax, but was meant to level the playing field among local traditional enterprises and digital service firms,
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.
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.
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
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
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.
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.
BIR: It’s up to digital services firms to raise prices after VAT law signing
After the President signed a law imposing a 12 percent value-added tax (VAT) on foreign digital services providers (DSPs) such as Netflix, Spotify, and Google, among others, it
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,
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, ...
Philippine Daily Inquirer1d
Marcos signs law imposing 12% VAT on digital services from offshore firms
President Ferdinand Marcos Jr. on Wednesday signed into law the Value-added tax (VAT) on Digital Services, which will impose ...