kdl21 Posted July 29, 2020 Share Posted July 29, 2020 The House ways and means panel has approved a bill seeking to impose a 12% Value Added Tax (VAT) on some foreign and local companies providing goods and services via digital and electronic platforms. Still unnumbered, the substitute bill seeks to amend Section 105-A of the National Internal Revenue with a provision making a non-resident digital service provider such as Netflix, Spotify, Lazada, among others, liable for assessing, collecting, and remitting the VAT on the transactions that go through its platform. Also, the bill defines digital service provider as "an entity which provides digital service or goods to a buyer through an online platform for purposes of buying and selling of goods or services or by making transactions for the provision of digital services on behalf of any person." Further, digital service providers may also be: a third party that acts as a conduit for goods or services offered by a supplier to a buyer and receives commission therefor; a platform provider for promotion that uses the internet to deliver marketing messages to attract buyers; a host of online auctions conducted through the internet, where the seller sells the product or service to the person who bids the highest price; a supplier of digital services to a buyer in exchange for a regular subscription fee over the usage of the said product or service; and a supplier of electronic and online services that can be delivered through an information technology infrastructure, such as the internet. Link source: This is the hidden content, please Sign In or Sign Up Link to comment Share on other sites More sharing options...
Juan1 Posted July 29, 2020 Share Posted July 29, 2020 Patay tayo diyan pati mga yan may tax na hmm Link to comment Share on other sites More sharing options...
Nearsteal Posted July 29, 2020 Share Posted July 29, 2020 Ayos yan..para mabawasan naman yaman ng mga middle class. Link to comment Share on other sites More sharing options...
Kageyama Posted July 29, 2020 Share Posted July 29, 2020 166 pesos na ang standard plan haha Link to comment Share on other sites More sharing options...
inno001 Posted July 29, 2020 Share Posted July 29, 2020 Mapapabuntong hininga nalang Link to comment Share on other sites More sharing options...
Sigyn Posted July 29, 2020 Share Posted July 29, 2020 Wala na pangbayad sa mga inutang. Dami daming tax na pwede pagkuhain magdadagdag pa sila. Link to comment Share on other sites More sharing options...
Tzuyu Posted July 29, 2020 Share Posted July 29, 2020 di na makakapag-onlinr shopping nang madalas hahaha mas mahal na eh Link to comment Share on other sites More sharing options...
Arturo Posted July 29, 2020 Share Posted July 29, 2020 Malaki magiging impact neto sa mga subscribers Link to comment Share on other sites More sharing options...
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