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.
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.
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.