- Finance Secretary Ralph Recto met with senior Netflix officials on August 20, 2024, to discuss the pending bill on value-added tax for foreign digital service providers.
- Netflix representatives expressed strong support for the measure, highlighting its potential to create a level playing field between local and international digital service providers and generate additional government revenues.
- Secretary Recto provided clarifications on the bill and assured Netflix of the government’s commitment to supporting the growth of the industry. Netflix expressed eagerness for the bill’s implementation and pledged to collaborate with the government for mutual benefits.
Source Orbitax
