Philstar
Gov't just made P2.8B from your binge-watching, playlists, cloud bills
The Bureau of Internal Revenue (BIR) has collected P2.8 billion from taxes on digital services.
A total of 371 digital service providers have registered, exceeding the BIR's initial expectation of around 300.
The agency anticipates further increases in registrations as more providers come on board.
Collections from business-to-customer transactions, where the consumer is not VAT-registered, amounted to P1.65 billion.
The BIR considers this collection a significant accomplishment, given the lack of prior information on non-resident digital service providers.
The total payments received by the BIR reached P1.28 billion, with P370.91 million in ongoing filings and P2.36 million pending settlement.
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