Netflix Philippines has informed its subscribers that the streaming giant will increase its prices to accommodate the 12% value-added tax (VAT) on digital services provided by foreign companies. In the email that Netflix Philippines sent to its subscribers, it stated: “As required by Republic Act No. 12023, which imposes a 12% Value-Added Tax (VAT) on digital services, Netflix will raise its subscription costs in the Philippines as of June 1, 2025.” The new monthly prices…
Posts tagged as “Republic Act 112023”
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…