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,
Digital services by foreign tech companies to see 12% value-added tax in the Philippines - report
The Philippines will levy a 12% value-added tax, or VAT on digital services provided by companies such as Alphabet (GOOG) (GOOGL), Netflix (NFLX), Amazon (AMZN) and Disney (DIS) in an attempt to bridge the gap with local brick and mortar players,
EXPLAINER: What are the digital services affected by VAT on non-resident DSPs?
The newly signed Republic Act (RA) 12023 aims to impose a 12% Value Added Tax (VAT) on non-resident digital service providers (DSPs) in order to generate additional revenue for the government.
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
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.
Philippines Imposes 12% VAT on Foreign Digital Services
President Bongbong Marcos has officially enacted Republic Act No. 12023, which introduces a 12% value-added tax (VAT) on foreign digital service providers (DSPs) operating in the Philippines. This law applies to popular platforms like Netflix,
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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