12% VAT sa online shopping, streaming at iba pa na hatid sa PHL ng foreign companies, pirmado na | 24 Oras - video Dailymotion

GMA Integrated News

Pirmado na bilang batas ang pagpataw ng 12% VAT o buwis sa mga digital service tulad ng online shopping at online videos. Tataas naman kaya ang singil para riyan?   24 Oras is GMA Network’s flagship newscast, anchored by Mel Tiangco, Vicky Morales and Emil Sumangil. It airs on GMA-7 Mondays to Fridays at 6:30 PM (PHL Time) and on weekends at 5:30 PM. For more videos from 24 Oras, visit http://www.gmanews.tv/24oras.   #GMAIntegratedNews #GMANetwork #KapusoStream  Breaking news and stories from the Philippines and abroad: GMA Integrated News Portal: http://www.gmanews.tv Facebook: http://www.facebook.com/gmanews TikTok: https://www.tiktok.com/@gmanews Twitter: http://www.twitter.com/gmanews Instagram: http://www.instagram.com/gmanews  GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe

Transcript

00:00The 12% VAT of WIS is now legal in digital services like online shopping and online videos.

00:10Will that increase the single-payer rate?

00:13This is Ivan Mayrina.

00:18Because it's cheap and safe, Patrick is often adding to his favorite online shopping platform.

00:24This is Mang Ramon.

00:26Watching online is his favorite hobby.

00:28Because it's only P150 per month, there are a lot of movies to choose from.

00:33But how about their single-payer rate in online services now that WIS will be abolished?

00:38The law for that was passed by President Bongbong Marcos earlier

00:42under the VAT on digital services law

00:44passed by Senator Pia Cayetano, Senator Wynne Gatchalian, and Congressman Joey Salceda.

00:49The 12% value-added tax on digital services providers based abroad will also be abolished.

00:56Aside from online streaming and digital goods,

00:58there are also search engines, online marketplaces, and cloud services.

01:03The President clarified that this is not a new WIS.

01:06It's been around for a long time in local digital and online services.

01:09It's just a mechanism for foreign companies to sell their online business.

01:26According to one study, half of the internet users in the Philippines buy online once a week

01:32while three out of every ten Filipino internet users pay for TV and movie streaming.

01:37Almost all of the Filipino internet users who watch online videos, even if it's free,

01:42are making a profit because of WIS.

01:45That's why the government is confident that WIS will reach P100 billion in the next five years because of the law.

01:52This is enough to build 42,000 classrooms.

01:55More than 6,000 rural health units.

01:587,000 kilometers of farm-to-market roads.

02:01Many Filipinos enjoy online, on-demand audio and video streaming platforms.

02:07With the addition of the law, 12% VAT will be imposed on these platforms.

02:11What effect will this have on our monthly subscriptions?

02:14As to whether there will be a price increase, it doesn't necessarily follow.

02:19It's a business decision by the service providers.

02:22So there can be a price increase, but again, I think it would be minimal.

02:28It's not 12% automatically.

02:30For us, it's a big deal.

02:31If they put VAT, it will be an additional expense.

02:35I hope the VAT is not too high.

02:39All that will be collected will be returned to us in terms of government services and social welfare services.

02:465% of the WIS that will be circulated in the next five years

02:49will be covered by the law that will go to the creative industries.

02:52Not to the education services like online courses and webinars.

02:57Those who do not comply with the law may be blocked by the BIR so that they can no longer operate.

03:02For GMA Integrated News, Ivan Mayrena, Katutok, 24 Horas.

12% VAT sa online shopping, streaming at iba pa na hatid sa PHL ng foreign companies, pirmado na | 24 Oras

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