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Philippines’ House Approves Bill Taxing Digital Transactions

Sept. 22, 2021, 5:58 AM

The Philippines’ House of Representatives approved a bill that will impose a 12% value added tax on all digital transactions, it says in a statement.

  • Digital service providers like Facebook, Netflix and Amazon are required to collect and remit VAT for transactions on their platforms, according to the bill, which be sent to the Senate for approval
  • NOTE: Philippines Targets Online Businesses to Boost Taxes

--With assistance from Ditas Lopez.

To contact the reporter on this story:
Cecilia Yap in Manila at cyap19@bloomberg.net

To contact the editors responsible for this story:
Stephanie Phang at sphang@bloomberg.net

Ditas Lopez

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