Streaming Sites, Online Services Raise Fees Due to 12% VAT Implementation

• Some streaming sites and online services have increased charges due to a 12 percent VAT on foreign digital service providers.
• A tax expert suggests imposing income tax instead of VAT to lessen the burden on consumers.
• The Bureau of Internal Revenue is involved in tax collection from non-resident digital services.
• The government is investigating complaints against Villar-owned PrimeWater for increased joint venture agreements in 2019.
• The Local Water Utilities Administration was under the Department of Public Works and Highways during this period.
• There are concerns about a possible conflict of interest in these agreements.

Source: abs-cbn.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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