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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.
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.
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. The 12% VAT will be imposed on electronic or online sale of services,
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.
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 to tax foreign-based digital service providers
Manila: Philippine President Ferdinand Marcos on Wednesday signed into law a measure that imposes a 12 percent value added tax on foreign based
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 local brick and mortar companies and digital service providers,
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 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
VAT on Netflix, other foreign digital services to result in higher fees: expert
The new law imposing a 12-percent Value Added Tax (VAT) on foreign digital service providers will likely result in higher fees for users once it takes effect, according to a tax expert.
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‘VAT on digital services levels the playing field, a boon to local retailers’
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