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What percentage of the new VAT revenue will be allocated to the creative industry by October 2, 2025?
3
Resolution / Starting Odds
Less than 5% • 25%
Exactly 5% • 25%
More than 5% but less than 7% • 25%
7% or more • 25%
Official revenue allocation reports from the Philippine government
Story
Marcos Signs Law Imposing 12% VAT on Digital Services, Expected to Generate P105 Billion
Oct 2, 2024, 02:37 AM
Philippine President Ferdinand Marcos Jr. on Wednesday signed a law imposing a 12% value-added tax (VAT) on non-resident digital service providers, including popular platforms like Netflix, HBO, and Disney+. The new VAT law will also apply to purchases from electronic marketplaces such as Amazon, Shein, and Temu, as well as subscriptions to streaming services. According to the President, the law is expected to generate P105 billion over the next five years, with 5% of the revenues allocated to the creative industry.
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0-25% • 25%
26-50% • 25%
51-75% • 25%
76-100% • 25%
0-10% • 25%
11-20% • 25%
21-30% • 25%
31% or more • 25%
Less than 50 • 25%
50 to 100 • 25%
101 to 150 • 25%
More than 150 • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
1.7% • 25%
2.0% • 25%
2.5% • 25%
3.5% • 25%
Increase in Corporation Tax • 25%
Increase in Capital Gains Tax • 25%
Increase in Inheritance Tax • 25%
No major tax increases • 25%
Less than 25% • 33%
25%-50% • 33%
More than 50% • 33%
Less than $10 million • 25%
$10 million to $20 million • 25%
$20 million to $30 million • 25%
More than $30 million • 25%
VAT remains at 16% • 25%
VAT increased • 25%
VAT decreased • 25%
VAT removed • 25%