Netflix execs back VAT on all digital services

Aug 22, 2024 12:29 am

EXECUTIVES of a world-renowned online video streaming service strongly support the pending value-added tax (VAT) bill for foreign digital service providers, stating it would create a fairer competitive environment between local and international providers.

Finance Secretary Ralph Recto met with senior Netflix officials — Indirect Tax Senior Manager Davy Chen and Public Policy Manager for Southeast Asia Shangari Kiruppalini — on Tuesday to discuss the Congress-approved measure and provided clarifications on its provisions.

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