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Philippines Moves Closer to Taxing Netflix, HBO Subscriptions
- Measure seen raising 18 billion pesos in revenue on first year
- More infrastructure spending boosts 2025 budget proposal
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Philippine lawmakers have approved a joint bill seeking to tax foreign digital services including Netflix, HBO and Disney, aiming to secure a fresh source of state revenue to bankroll additional spending.
The bill, from both the Senate and the House of Representatives, seeks to impose a 12% value-added tax on digital transactions on non-resident digital service providers such as the streaming providers, the Senate said in a Facebook post on Thursday.