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☆ Philippines levies 12% VAT tax on digital services by Amazon, Netflix and Disney
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: +1 min

A level playing field produces better products and services," Bureau of Internal Revenue Commissioner Romeo Lumagui said in a statement. President Ferdinand Marcos Jr signed into law on Wednesday the imposition of VAT on non-resident digital service providers such as streaming services and online search engines. The Philippines will impose a 12% value-added tax on digital services offered by tech giants such as Amazon , Netflix , Disney , and Alphabet , in a move that will level the playing field with domestic brick and mortar players, the internal revenue agency said on Thursday. Only domestic digital service providers are now subject to paying the 12% VAT, the agency said. Digital services provided by foreign firms are considered rendered in the Philippines if the digital services are consumed in the Southeast Asian nation, the revenue agency said.

Persons: Romeo Lumagui, Ferdinand Marcos Jr Organizations: Internal, Netflix, Disney, Google Locations: Philippines, Asia, Pacific, Philippine, Southeast Asia

☆ Philippines condemns China’s ‘illegal and reckless’ actions for dropping flares in the skies above South China Sea
▼ + stars: | 2024-08-11 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

The Philippine military condemned “dangerous and provocative actions” when two Chinese aircraft dropped flares in the path of a Philippine aircraft during a routine patrol around the shoal on Thursday. The Chinese military’s Southern Theater Command countered that the Philippines had disrupted its training, accusing Manila of “illegally intruding” into its airspace. On Sunday, Marcos urged China to act responsibly both in the seas and in the skies. Beijing claims almost all of the South China Sea, a conduit for more than $3 trillion of annual shipborne commerce, including parts claimed by the Philippines, Vietnam, Indonesia, Malaysia and Brunei. China rejects a 2016 ruling by the Permanent Court of Arbitration in The Hague that Beijing’s expansive claims had no basis under international law.

Persons: Ferdinand Marcos Jr, Marcos, ” Marcos, Chester Cabalza, ”, Cabalza Organizations: Sunday, South China, Southern Theater Command, Presidential Communications Office, International Development, Security Cooperation Locations: South, Manila, Beijing, Scarborough, Philippines, Philippine, “, China, South China, Vietnam, Indonesia, Malaysia, Brunei, The Hague

☆ Fury grows in Turkey against Israel, fresh protests planned
▼ + stars: | 2023-10-18 | by ( Ece Toksabay | ) www.reuters.com time to read: +3 min

Palestinian officials said the blast at Al-Ahli al-Arabi hospital was caused by an Israeli air strike. Israel blamed the blast on a failed rocket launch by the Palestinian Islamic Jihad group, which denied responsibility. President Tayyip Erdogan called the blast "the latest example of Israeli attacks devoid of the most basic human values". Following the NSC's appeal, Israeli airlines said they were arranging flights from Istanbul on Wednesday for Israelis who want to leave Turkey. Political analysts said the Gaza hospital blast could have dire consequences for ties between Israel and Turkey.

Persons: Dilara, Israel, Tayyip Erdogan, Erdogan, Mert Ozkan, Huseyin Hayatsever, Daren Butler, Steven Scheer, Gareth Jones Organizations: REUTERS, Rights, Turkish, Islamic, National Security Council, Wednesday, Police, NATO, Ece Toksabay, Bulent Usta, Thomson Locations: Al, Ahli, Gaza, Istanbul, Turkey, Rights ANKARA, Arabi, Israel, Ankara, Police, Turkey's, Teneo, Jerusalem

Palestinian officials said the blast at Al-Ahli al-Arabi hospital was caused by an Israeli air strike. Israel blamed the blast on a failed rocket launch by the Palestinian Islamic Jihad group, which denied responsibility. Following the NSC's appeal, Israeli airlines arranged flights from Istanbul late on Wednesday for Israelis who want to leave Turkey. Protesters held fresh demonstrations near consulates of Israel and the United States in Istanbul on Wednesday evening. Political analysts said the Gaza hospital blast could have dire consequences for ties between Israel and Turkey.

Persons: Dilara, Israel, Tayyip Erdogan, Erdogan, Mert Ozkan, Huseyin Hayatsever, Daren Butler, Ali Kucukgocmen, Umit Bektas, Mehmet Emin Caliskan, Steven Scheer, Gareth Jones, Sandra Maler Organizations: REUTERS, Rights, Islamic, National Security Council, Istanbul, Police, Protesters, U.S, Embassy, NATO, Ece Toksabay, Bulent Usta, Thomson Locations: Al, Ahli, Gaza, Istanbul, Turkey, Rights ANKARA, Israel, Arabi, Ankara, Police, Turkey's, United States, U.S, Adana, Teneo, Jerusalem

☆ Philippines' Marcos Suffers 'Significant' Drop in Approval Rating
▼ + stars: | 2023-10-02 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

MANILA (Reuters) - President Ferdinand Marcos has suffered a "significant" drop in his approval rating as soaring consumer prices in the Philippines undermines his support, a polling organisation said on Monday. "Continuing increase in prices of basic commodities and services and unfulfilled promise of reducing these," likely caused the "significant" drop in the approval ratings, said Ronald Holmes, president of Pulse Asia. Marcos' presidential communications office did not immediately respond to a request for comment. Last month, Marcos imposed price ceilings for rice. Vice President Sara Duterte, daughter of former president Rodrigo Duterte, also suffered a decline in approval ratings, dropping 11 points to 73%.

Persons: Ferdinand Marcos, Marcos, Ronald Holmes, Sara Duterte, Rodrigo Duterte, Mikhail Flores, Robert Birsel Organizations: Asia Survey, Pulse Asia Locations: MANILA, Philippines, Philippine, Hawaii

☆ Philippines' Marcos suffers 'significant' drop in approval rating
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +2 min

Philippine President Ferdinand Marcos Jr. delivers his speech during a joint press statement with European Commission President Ursula von der Leyen at the Malacanang Presidential Palace in Manila, Philippines, July 31, 2023. Aaron Favila/POOL via REUTERS./File Photo Acquire Licensing RightsMANILA, Oct 2 (Reuters) - President Ferdinand Marcos has suffered a "significant" drop in his approval rating as soaring consumer prices in the Philippines undermines his support, a polling organisation said on Monday. "Continuing increase in prices of basic commodities and services and unfulfilled promise of reducing these," likely caused the "significant" drop in the approval ratings, said Ronald Holmes, president of Pulse Asia. Marcos' presidential communications office did not immediately respond to a request for comment. Vice President Sara Duterte, daughter of former president Rodrigo Duterte, also suffered a decline in approval ratings, dropping 11 points to 73%.

Persons: Ferdinand Marcos Jr, Ursula von der Leyen, Aaron Favila, Ferdinand Marcos, Marcos, Ronald Holmes, Sara Duterte, Rodrigo Duterte, Mikhail Flores, Robert Birsel Organizations: REUTERS, Rights, Asia Survey, Pulse Asia, Thomson Locations: Manila, Philippines, Rights MANILA, Philippine, Hawaii

☆ Philippines to offer value-added tax refund to foreign tourists by 2024
▼ + stars: | 2023-01-29 | by ( ) www.reuters.com time to read: +1 min

MANILA, Jan 29 (Reuters) - Philippines President Ferdinand Marcos has approved a value-added tax refund programme for foreign tourists by 2024 to attract more visitors, the Presidential Communications Office (PCO) said on Sunday. The plan is to allow foreigners to get a VAT refund on items they are taking out of the Philippines, similar to what many other countries offer. The Philippines recorded 2.65 million international visitors last year, who brought in an estimated $3.68 billion in revenue, exceeding its 2022 target of 1.7 million tourists, according to the Department of Tourism. Last year's total comprised of 2.02 million foreign nationals and 628,445 Filipinos based abroad, which compared with only 163,879 tourists recorded in 2021 and was still significantly lower than the pre-pandemic annual level of 8.26 million. The government aims to boost visitor arrivals this year to 4.8 million tourists.

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