World News@lemmy.worldEnglish · 1 month ago

Philippines imposes 12% VAT on digital services by tech giants

e.vnexpress.net

Philippines imposes 12% VAT on digital services by tech giants

e.vnexpress.net

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World News@lemmy.worldEnglish · 1 month ago

Philippines imposes 12% VAT on digital services by tech giants - VnExpress International

e.vnexpress.net

The Philippines will impose a 12% value-added tax on digital services offered by tech giants such as Amazon, Netflix, Disney, and Alphabet, in a move that aims to level the playing field with domestic players, the country’s Bureau of Internal Revenue (BIR) announced on Wednesday.

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