Philippines levies 12% VAT tax on digital services by tech giants

Philippines levies 12pct VAT tax on digital services by tech giants

MANILA: The Philippines will impose a 12 per cent 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, the internal revenue agency said on Thursday. © New Straits Times Press (M) Bhd

Philippines levies 12% VAT tax on digital services by tech giants

MANILA : The Philippines will impose a 12 per cent 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, the internal revenue agency said on Thursday.President Ferd

Marcos signs law imposing 12% VAT on Netflix, Amazon - BusinessWorld Online

By Kyle Aristophere T. Atienza, Reporter PHILIPPINE President Ferdinand R. Marcos, Jr. on Wednesday signed into law a bill taxing nonresident digital service providers (DSP) including Netflix and Amazon, from which it expects to collect P100 billion in the next five years. Republic Act No. 12023, which amended the National Revenue Code of 1997, imposes a 12% value-added tax (VAT) on foreign digital service providers. A 5% VAT will also be slappe…

VAT on Digital Services Law pinirmahan ni Pangulong Marcos Jr.

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Marcos signs law imposing 12% VAT on digital services

Marcos signed into law the VAT on Digital Services, which will impose a 12 percent VAT on digital services provided by foreigners.

Marcos signs into law VAT on foreign digital services

(1st UPDATE) The 12% VAT will now apply to purchases from popular electronic marketplaces like Amazon, Shein, and Temu, and subscriptions to streaming services like Netflix and Disney+