- Congress-approved measure to impose 12% VAT on foreign digital services
- Expected to be signed into law by President Ferdinand Marcos Jr. on October 2
- Disclosed by DOF Undersecretary Domini Velasquez during a meeting in Taguig City
- Reconciled version of the bill targets non-resident digital service providers like Netflix, Disney, and HBO
Source: gmanetwork.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
