Streaming Firms Should Prepare for Singapore’s ‘Netflix Tax’

Singapore’s “Netflix tax” is still nearly a year out, but e-retail, streaming, and other digital companies should start trial runs and ready their technology now, tax advisers say.

Once the goods and services tax expands on Jan. 1, 2020, Singapore will start applying it to almost all cross-border services, from video subscriptions to call-center outsourcing.

“When companies start their preparation work, they will soon learn that it is not easy to operationalize new GST rules, as it will involve changes to systems and processes, as well as training of staff,” Kor Bing Keong, GST leader at PwC in Singapore