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Philippine Government Notes Industry Support for Extension of 12% VAT to Foreign Digital Service Providers

23 August 2024

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Proposed Changes

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Philippines

According to a release from the Philippine News Agency, Finance Secretary Ralph Recto met with senior Netflix officials on 20 August 2024 to discuss the proposed 12% VAT on foreign digital service providers, with the officials expressing strong support for the measure. The proposal was previously approved by the House of Representatives in December 2022, but failed to pass in the Senate. It was recently reintroduced. The following is a post from the Department of Finance on the meeting. --- Finance Secretary Ralph G. Recto met with senior Netflix officials on August 20, 2024, to discuss the bill on value-added...