Philippines Enforces 12% VAT on Digital Services from Foreign Tech Giants
The Philippines has imposed a 12% VAT tax on digital services provided by tech giants. The article discusses the implications of the tax for consumers and businesses, as well as the challenges and opportunities it presents.
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 brick-and-mortar companies and digital service providers, whether or not the latter have offices in the Philippines.
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
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 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 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,
Philippines imposes 12% VAT on digital services by tech giants
The Philippines will impose a 12% value-added tax on digital services offered by tech giants such as Amazon, Netflix, Disney, and Alphabet, in a move that aims to level the playing field with domestic 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,
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,
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