Netflix bumps up prices ahead of Philippine digital tax implementation

4 hours ago 2

Upgrade to High-Speed Internet for only ₱1499/month!

Enjoy up to 100 Mbps fiber broadband, perfect for browsing, streaming, and gaming.

Visit Suniway.ph to learn

Already have Rappler+?
to listen to groundbreaking journalism.

This is AI generated summarization, which may have errors. For context, always refer to the full article.

Netflix bumps up prices ahead of Philippine digital tax implementation

NETFLIX. People stand next to the logos of Netflix during an event in Mumbai, India, February 29, 2024.

Francis Mascarenhas/Reuters

The new Netflix rates bump up the pricing to range from P169 monthly for its most basic service to P619 monthly for the premium tier

MANILA, Philippines – Streaming giant Netflix listed on Tuesday, May 6, its updated prices for Philippine users ahead of the implementation of a 12% value added tax on digital services, which is set to take effect on June 1.

The law imposes this tax on nonresident digital service providers, which would include Netflix, Amazon Prime Video, and Spotify, and other digital services, such as shopping sites like Shein and Temu, and digital game storefronts like Steam and Epic Games.

The new monthly rates on Netflix for the Philippines are as follows:

Mobile: P169 monthly from P149
Basic: P279 monthly from P249
Standard: P449 monthly from P399
Premium: P619 monthly from P549

Further member slots can be added to an account at a rate of P169 monthly, up from a monthly rate of P149.

Expect more services to make their adjusted pricing known as the June 1 start date for the VAT implementation approaches.