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Posts tagged as “Pres. Marcos”

Marcos signs law imposing 12% VAT on Netflix, Spotify, other digital services   

JM Chavaria, writing for Yugatech; In a move aimed at bolstering government revenue, the Philippines has introduced a 12% value-added tax (VAT) on digital services offered by foreign firms. This includes popular platforms like Netflix, Spotify, YouTube, and Amazon, among other digital service providers (DSPs) — which have previously enjoyed tax exemptions. Duey Guison, of Unbox.ph explains “Republic Act 112023, all services provided by resident and non-resident digital service providers regardless if they have a…