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House OKs bill imposing tax on digital transactions

A bill taxing transactions with foreign digital service providers (DSPs) has won the approval of the House of Representatives in its third and final reading. The House of Representatives has overwhelmingly approved on third and final reading House Bill (HB) No.4122, which aims to impose a 12 percent value-added tax (VAT) on foreign digital service providers (DSP), such as Netflix and Spotify.

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