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House panel OKs 12% tax on Netflix, Lazada, other digital services

first_imgThe approved measure amends Section 105-A of the National Internal Revenue with a provision making a non-resident digital service provider such as Netflix, Spotify, Lazada, among others, liable for assessing, collecting, and remitting the VAT on the transactions that go through its platform. ● a host of online auctions conducted through the internet, where the seller sells the product or  service to the person who bids the highest price; ● a supplier of electronic and online services that can be delivered through an information technology infrastructure, such as the internet. Further, digital service providers may also be: ● a third party that acts as a conduit for goods or services offered by a supplier to a buyer and receives commission therefore; ● a supplier of digital services to a buyer in exchange for a regular subscription fee over the usage of the said product or service; and MANILA – The House of Representatives ways and means committee has approved the measure that imposes 12% Value Added Tax (VAT) on some foreign and local companies providing goods and services via digital and electronic platforms. The measure, if passed into law, could raise P10 billion in revenue for the government, of which P9 billion will come from foreign companies that are based in the Philippines, according to Finance Assistant Secretary Daki Napao./PN ● a platform provider for promotion that uses the internet to deliver marketing messages to attract buyers; Digital service provider is defined in the bill as “an entity which provides digital service or goods to a buyer through an online platform for purposes of buying and selling of goods or services or by making transactions for the provision of digital services on behalf of any person.” “Digital service providers from outside [the country] gain profit from our constituents but they don’t pay tax [to Philippine government]. This bill levels the playing field for local digital service providers,” said Deputy Speaker Sharon Garin, one of the authors of the measure.last_img read more

MLBPA fires back at commissioner Rob Manfred’s payroll comments

first_imgThat appeared to most rile the players union. However, in his remarks to reporters Sunday, Manfred also said that MLB will use a pitch clock during spring training games. “Commissioner Manfred’s latest comments and his attempts to shift blame and distract from the main issues are unconstructive and misleading at best. Players’ eyes don’t deceive them, nor do fans’. … We’re operating in an environment in which an increasing number of clubs appear to be making little effort to improve their rosters, compete for a championship or justify the price of a ticket.”Statement from Executive Director Tony Clark: https://t.co/RS6Mvcx7Md pic.twitter.com/1uWDYa9pdI— MLBPA Communications (@MLBPA_News) February 18, 2019MLB has been criticized as multiple top-level free agents remain unsigned into mid-February, including stars Bryce Harper and Manny Machado. The Red Sox tallied 108 victories and won the World Series with MLB’s highest payroll last season. Related News Even that was met with some skepticism by Clark, though it was veiled in the context of player movement and pay:“Players have made a sincere attempt to engage with Clubs on their proposals to improve pace of play and enhance the game’s appeal to fans. At the same time, we have presented wide-ranging ideas that value substance over second and ensure the best players are on the field every day.”Manfred is scheduled to speak to reporters again Tuesday as part MLB’s Spring Training Media Day in Arizona. MLB commissioner Rob Manfred’s on Sunday said he rejects “the notion that (a team’s) payroll is a good measure” to determine that team’s effort or predict success.On Monday, the players union — in the context of another particularly slow-moving free-agent offseason — fired back with a statement by MLBPA executive director Tony Clark, who wrote, in part: MLB commissioner Rob Manfred addresses pitch clock, payroll concernslast_img read more

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