- Senate and House approved proposed VAT on Non-resident Digital Service Providers Act
- Sen. Win Gatchalian led the Senate Conference Committee Panel in signing the reconciled version
- 12-percent VAT to be imposed on digital transactions of non-resident digital service providers like Netflix, Disney, and HBO
- Members of Senate Conference Committee Panel include Sens. Sonny Angara, Loren Legarda, and Pia Cayetano
- Members of House Conference Committee Panel include Rep. Joey Salceda (Chairperson) and several other representatives
- Provision added to allocate five percent of incremental revenue for development of creative industries for five years
Source: legacy.senate.gov.ph
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.
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