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Philippines, value-added tax
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 to Impose 12% Tax on Foreign Streamers – Global Bulletin
The Philippines is to impose a 12% value-added tax on overseas digital service providers operating in the country, including Netflix, HBO and Disney. The measure was signed into law on Wednesday by President Ferdinand Marcos Jr.
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.Most Read from BloombergA 7,
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Philippines
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