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Thursday, December 5, 2024

Digital tax

Finance Secretary Ralph Recto (center) meets with senior Netflix officials on Aug. 20, 2024 to discuss the bill on value-added tax for foreign digital service providers, which is pending enactment. Netflix representatives expressed strong support for the measure, emphasizing that it would level the playing field between local and international digital service providers. This will help generate additional government revenues for development projects and programs for the Filipino people.

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