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. The VAT will cover a wide range of digital services, including online marketplaces, streaming services, and cloud storage. According to BIR spokesperson and lawyer Brianna Kay delos Santos, the digital tax calendar has been available on the BIR website since January 1. The Department of Finance (DOF) has collected nearly PHP 7 billion from the new 12 percent value-added tax (VAT) imposed on digital services. Read more in our articles including "Marcos signs law imposing 12% VAT on Netflix, Spotify, other digital services" and "BIR launches digital tax calendar".
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.
The VAT will cover a wide range of digital services, including online marketplaces, streaming services, and cloud storage. According to BIR spokesperson and lawyer Brianna Kay delos Santos, the digital tax calendar has been available on the BIR website since January 1. The Department of Finance (DOF) has collected nearly PHP 7 billion from the new 12 percent value-added tax (VAT) imposed on digital services.
Our coverage of digital services tax includes: "Marcos signs law imposing 12% VAT on Netflix, Spotify, other digital services"; "BIR launches digital tax calendar"; "DSWD pushes digital shift to speed up social services". Each article provides unique insights and information.