The Republic of the Philippines has made a notable decision regarding digital content platforms in the country. Under this decision, many digital platforms, in particular Netflix, HBO and Disney, will 12 percent They will be subject to tax.

According to the decision of the Philippine government, digital service providers in the country established presence It will be necessary. Otherwise, taxes will be charged if these services are used. Like Google, the decision has been made search engines Let’s say it also includes social media platforms.

The goal is to make resources available at the cash register

The main reason why the Philippine government made such a decision is to save the country’s treasury. invest additional money. According to authorities’ estimates, the money that will enter the treasury from such a scheme will be within the next four years. $1.4 billion will have reached their level.

Philippines Ferdinand Marcos Jr. said a statement on the subject: “If you reap the benefits of an efficient digital economy here, you can also help it grow. you have to contribute.he said. Finally, he stated that this type of regulation already exists in Turkey and that digital content platforms are not available in our country. get a license Let us remind you that they must be officially present.