VAT eyed on Netflix, etc. gaining traction
The government may rake in up to P90 billion in revenues over the next five years should the Senate pass a proposed bill charging foreign digital service providers, such as the movie streaming platform Netflix, a 12-percent value-added tax (VAT), Sen. Sherwin Gatchalian said. The Senate ways and means committee, which Gatchalian chairs, is coordinating with the Bureau of Internal Revenue to fix details of the proposed tax measure.
By Marlon Ramos
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