Leveling the Playing Field for Streaming Services in the Philippines

Quick Summary:

A new VAT on digital services, including streaming services like Netflix, could have unintended consequences.

The imposition of the VAT on foreign digital service providers aligns with international trends aimed at taxing digital services in the places where they are consumed.

Without the implementation of these laws, the combination of rising costs and prevalence of pirated content could pose a significant challenge for streaming companies looking to maintain their already dwindling subscriber base.

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Article Details

Author / Journalist: Rocco Cartusciello

Category: Economy

Markets: United StatesChinaJapanSouth KoreaMarshall IslandsPhilippinesSingaporeUzbekistan

Topics: Providers Regulations Piracy Services Pirated Income Companies Content Digital Revenue Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 09:29:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 1999 words

Reading Time: 12 minutes read

Sentences: 83 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 22975171

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About The Diplomat

Main Topics: Economy

Official Website: thediplomat.com

Update Frequency: 1 posts per day

Year Established: 2001

Headquarters: United States

News Last Updated: 2 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #70

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