Philippines levies 12% VAT tax on digital services by Amazon, Netflix and Disney

Philippines levies 12% VAT tax on digital services by Amazon, Netflix and Disney

Chesnot | Getty Images News | Getty Images 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 will level the playing field with domestic brick and mortar players, the internal revenue agency said on Thursday. President Ferdinand Marcos Jr signed into law on Wednesday the imposition of VAT on non-resident digital service providers … Read more

Watch CNBC’s full interview with Malaysian Prime Minister Anwar Ibrahim

Watch CNBC’s full interview with Malaysian Prime Minister Anwar Ibrahim

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s JP Ong spoke to Malaysian Prime Minister Anwar Ibrahim in a wide-ranging interview for CNBC Conversation. Anwar discussed his efforts to combat corruption, rebuild trust in Malaysia after the 1MDB money laundering scandal, the country’s fiscal deficit and currency valuation as … Read more