Philippine Economy Talk

[Monseratto]

Anything to do with the internet...

MANILA - The House Committee on Ways and Means on Wednesday approved a bill seeking to impose a 12 percent value added tax (VAT) on digital transactions, including non-resident or foreign service providers.

Under the bill, VAT shall be imposed for online transactions including those that are "digital or electronic in nature" and those that render service "electronically."

The measure could generate P10.66 billion in revenues once enacted into law, Albay Rep. Joey Salceda, who chairs the committee said during the deliberations.

When asked whether services such as Netflix should be taxed under the measure, Salceda said "yes. Why should they be exempted.. when you buy canned goods you pay 12 percent [VAT]."

The bill defines digital services as "any service delivered or subscribed over the internet or other electronic network which cannot be obtained without the use of information technology."

Digital services shall include:

Online licensing of software
Mobile Applications
Video Games
Webcast and webinars
Digital contents such as music, files, images, test and information
Advertisement platform
Electronic marketplaces
Search engine services
Social network services
Database and website hosting
Online data warehousing
File sharing
Cloud storage services
Internet-based telecommunication
Online training
E-Learning
Online newspapers
Journal subscription
Payment proccessing
It amended several sections of the National Internal Revenue Code of 1997 to impose taxes on transactions done online. The approved version is the substitute bill for several others filed by lawmakers.

Salceda earlier filed a bill seeking to impose VAT on Netflix, Spotify, Facebook, Google and other global internet companies that do business in the Philippines.

[Wh1stl3r]

Bakit di nila i-tax yung mga troll farm

[Little Missy]

Sarap

Twitter

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[c_cube]

Kung magkaka-apo ako sa talampakan, may utang na.

Pero sabi nga ni uls, kailangan gawin ng gobyerno yan hahaha

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[Wh1stl3r]

Sarap

Twitter

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Nasaan na kaya ang pera?

[Little Missy]

Nasaan na kaya ang pera?

Wait natin

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[kagalingan]

its ok to open na the economy kasi mas mahirap na problema ang gutom pag nagkaroon ng civil war class war.

tingnan nyo america nung tinuhod yung leeg nung kalookalike ni stephen jackson eh na-ignite racial war. Bumagsak ang dollar. Windang pa sila ngayon. Mahirap yung pupunta ka kahit saang lugar na may aura ng hate.

Dito pinas hindi pwede sobra mapatagal gutom ng basic salary man na no work no pay.

[uls]

[boybi]

Sino ba yang Michelle Ong?

[uls]

Sino ba yang Michelle Ong?

business news reporter sa ANC