- Finance Secretary Ralph Recto met with senior Netflix officials on August 20, 2024
- Netflix expressed strong support for the proposed 12% VAT on foreign digital service providers
- The government expects to generate over PHP20 billion from the VAT
- The bill aims to level the playing field between local and international digital service providers
- Netflix representatives include Indirect Tax Senior Manager Davy Chen and Public Policy Manager for Southeast Asia Shangari Kiruppalini
- The bicameral conference committee approved the final version of the proposed tax in June
- The VAT on digital services aims to ensure equal treatment between local and foreign service providers
Source: orbitax.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.
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