VAT impact on Netflix, other services felt by 2025
Consumers will likely feel the impact of the value-added tax on foreign digital service providers in the first quarter of 2025, according to the Bureau of Internal Revenue which stressed there is no guarantee from government that subscription costs will not increase.
New Law Imposes 12% VAT on Foreign Digital Services
A 12% Value Added Tax (VAT) will be soon imposed on foreign digital services, including Netflix, Spotify, and Amazon, among others as President Ferdinand
Philippines to Impose 12% VAT on Foreign Digital-Service Providers
The Philippines will impose a 12% value-added tax on foreign digital-service providers such as Google and Amazon.com to level the playing field for both local and international players.
Philippines Imposes 12% Value-Added Tax on Netflix, HBO Services
Philippine President Ferdinand Marcos Jr. on Wednesday signed a law imposing a 12% value-added tax on non-resident digital service providers including Netflix, HBO and Disney.
Philippines Imposes 12% Value-Added Tax on Netflix, HBO; Oracle to Invest $6.5 Billion in Malaysia
Philippine President Ferdinand Marcos Jr. signed a law introducing a 12% value-added tax on digital platforms such as Netflix and HBO. Meanwhile, Oracle announced a $6.5 billion investment in Malaysia to build a
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
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, ...
BusinessMirror1h
‘VAT on digital services levels the playing field, a boon to local retailers’
This levels the playing field for our local MSMEs by removing the unfair advantage previously enjoyed by foreign digital service providers,” DTI Acting Secretary Cristina A. Roque said in a statement ...
Mother hits out at private school fees VAT hike
A mother has said the forthcoming hike in private education costs has turned her family's lives "upside down". Naomi Keegan ...
i1h
More than 13,000 pupils leaving private schools as parents prepare for VAT on fees
New figures on falling private school rolls seen by i suggest an end to years of increasing independent sector pupil numbers ...
Universities at risk of being dragged into Labour’s private school VAT raid
University students could be dragged into paying tax on tuition fees from January due to loopholes in Labour’s draft VAT ...
manilastandard5h
VAT on digital services to level playing field
Commissioner Romeo Lumagui Jr. said Friday he supports the goal of Republic Act No. 12023 to level the playing field between ...
Rappler14h
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 ...
TheCable10h
FG removes VAT on cooking gas, diesel, CNG
The federal government says it has introduced concessions aimed at revitalising the oil and gas industry to ensure a boost in ...
BusinessWorld5h
VAT on digital services law levels playing field for MSMEs, DTI says
THE Department of Trade and Industry (DTI) said newly signed legislation that will impose value-added tax (VAT) on foreign digital service providers will help level the playing field for micro, small ...