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

Channel News Asia

Singapore

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

Media Bias/Fact Check

Government of Singapore

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

Ad Fontes Media

Inquirer

Inquirer Group of Companies

Manila

Metro Manila

Philippines

Marcos signs law imposing 12% VAT on digital services

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Lopez Group of Companies

Quezon City

VAT on Digital Services Law pinirmahan ni Pangulong Marcos Jr.

MANILA (Reuters) –     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, the internal revenue agency said on Thursday. President Ferdinand Marcos Jr signed into law on Wednesday the imposition of VAT on non-resident digital service providers such as streaming services …

WTVB

Midwest Communications

(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+

Rappler

Marcos signs into law VAT on foreign digital services

MANILA, Philippines — President Ferdinand Marcos Jr. on Wednesday signed into law the bill seeking to impose value added tax (VAT) on digital services provided by foreign companies. In a ceremony in Malacañang, Marcos signed Republic Act (RA) 12023 or the Value Added Tax (VAT) on Digital Services Law before legislators, Cabinet members, and other stakeholders. The new Law imposes a 12 percent VAT on non-resident digital service providers (DSPs) …

The Manila Times

Dante Ang

President Ferdinand Marcos Jr. has signed into law a measure that taxes foreign digital services, which includes overseas-based e-commerce firms and popular streaming platforms such as Netflix, HBO and Disney.

Philstar Global

Government of Japan

First Pacific

JG Summit Holdings

Marcos signs law imposing 12% VAT on foreign digital services

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.
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New Strait Times

Media Prima

Malaysia

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

President Marcos has signed into law Republic Act (RA) No. 12023 or the Value Added Tax (VAT) on Digital Services Law which imposes a 12-percent VAT on digital service providers (DSPs) to level the playing field for local providers and generate additional revenue that will be used to build more classrooms, health centers, and farm-to-market roads in the next five years.LEVELING THE PLAYING FIELD — President Ferdinand 'Bongbong' Marcos Jr. signs …

Manila Bulletin

Manila Bulletin Publishing Corporation

Law imposing 12% VAT on digital services signed

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, the internal revenue agency said on Thursday.

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

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