Albay representative and House of Representatives Ways and Means Committee Chair pushes for putting an additional tax on digital services to compensate the government the cut on corporate tax up to 25% due to the economic consequences of the COVID-19 pandemic. According to the report from Inquirer, Salceda wants to impose a value-added tax specifically on video and music subscriptions, ads on social media, and online shopping platforms by 12%. He intends to call it as the following: Lazada tax, Netflix tax, and Facebook Ads tax. The proposal also requires the presence of a country representative from Google and Facebook when creating digital advertisements. Under the proposal, online shopping platforms such as Lazada will serve as withholding tax agents of their suppliers. When passed into law, it will allow the government to block the local operations of the said digital services should they don't pay the right taxes nor comply with tax laws. Fujifilm's Instax Share Smartphone Printer SP-1, will soon be available in the country starting next month. The Fujifilm Instax SHARE Smartphone Printer SP-1 is a small printer that allows users to produce Instax prints using images sent wirelessly from a smartphone. The Instax Share printer works together with the Instax Share app for iOS and Android so you can edit images and choose templates before you print. Read more in our articles including "Rep. Joey Salceda suggests additional tax on digital services" and "Apple rolls out iOS 27 beta 2".
Albay representative and House of Representatives Ways and Means Committee Chair pushes for putting an additional tax on digital services to compensate the government the cut on corporate tax up to 25% due to the economic consequences of the COVID-19 pandemic. According to the report from Inquirer, Salceda wants to impose a value-added tax specifically on video and music subscriptions, ads on social media, and online shopping platforms by 12%.
He intends to call it as the following: Lazada tax, Netflix tax, and Facebook Ads tax. The proposal also requires the presence of a country representative from Google and Facebook when creating digital advertisements. Under the proposal, online shopping platforms such as Lazada will serve as withholding tax agents of their suppliers. When passed into law, it will allow the government to block the local operations of the said digital services should they don't pay the right taxes nor comply with tax laws.
Our coverage of Lazada tax includes: "Rep. Joey Salceda suggests additional tax on digital services"; "Apple rolls out iOS 27 beta 2"; "Samsung announces UFS 5.0 storage". Each article provides unique insights and information.