Philippines imposes 12% VAT on digital services by tech giants - VnExpress International
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The Philippines will impose a 12% value-added tax on digital services offered by tech giants such as Amazon, Netflix, Disney, and Alphabet, in a move that aims to level the playing field with domestic players, the country’s Bureau of Internal Revenue (BIR) announced on Wednesday.
  • M600@lemmy.worldEnglish
    12·
    1 month ago

    This will also apply to things like Amazon, SHEIN, and Temu.

    edit TEMU not TRUMP

    • interurbain1er@sh.itjust.worksEnglish
      31·
      1 month ago

      I’d be happy to pay the VAT if someone sold and crate-shipped Trump to a third world country. How much is 12% on a dollar anyway…

  • BrightCandle@lemmy.worldEnglish
    6·
    1 month ago

    Probably the only way they will get taxation money out of the tech giants given all the shady things they do to transfer the profits out of countries to evade taxes. VAT at least is a lot more obvious and harder to avoid although I don’t put it past them to start doing even shadier things.