Daily News

Gov’t reviewing digital platforms’ tax leaks–DOF

Finance Secretary Carlos Dominguez III said the government is now studying how to plug revenue leakages and impose tax on video streaming services and e-commerce platforms, such as Lazada. This, as the country looks for ways to boost its limited source of funds as the government spends more in its fight against the Covid-19 pandemic. While Dominguez said they have yet to determine the total amount of transactions involved in these services, the country’s finance chief said the study is aimed at boosting the government’s tax collections.