{"remix_data":[],"remix_entry_point":"challenges","source_tags":["local"],"origin":"unknown","total_draw_time":0,"total_draw_actions":0,"layers_used":0,"brushes_used":0,"photos_added":0,"total_editor_actions":{},"tools_used":{},"is_sticker":false,"edited_since_last_sticker_save":false,"containsFTESticker":false}

Netflix Price Hike: What Does the New 12% VAT Mean for Subscribers?

By Posted on

Netflix Price Hike: What Does the New 12% VAT Mean for Subscribers?

Recently, President Ferdinand Marcos Jr. signed a new law imposing a 12% Value Added Tax (VAT) on online services, including Netflix. This new law will have a significant impact on Netflix subscribers in the Philippines.

Why is Netflix Raising Its Prices?
The price hike is due to the new 12% VAT imposed on digital service providers. Netflix will need to absorb this additional cost, and to maintain its revenue, the company will raise its subscription prices.

How Much Will Prices Increase?
The price increase will range from ₱20 to ₱70, depending on the subscription plan. Here are the new prices:

  • Mobile Plan: ₱169/month (up ₱20 from ₱149)
  • Basic Plan: ₱279/month (up ₱30 from ₱249)
  • Standard Plan: ₱449/month (up ₱50 from ₱399)
  • Premium Plan: ₱619/month (up ₱70 from ₱549)

When Will the New Prices Take Effect?
The new prices will take effect starting June 1, 2025. Existing subscribers will see the changes in their billing cycle starting from this date.

What Does This Mean for Subscribers?
The price hike may affect subscribers who rely on Netflix for their entertainment needs. They may look for alternative services that are more affordable or adjust their subscription plan.

Conclusion
The Netflix price hike in the Philippines is a result of the new 12% VAT on online services. Subscribers should be aware of the price change and plan their subscription accordingly.

Related posts:

Leave a Reply

Your email address will not be published. Required fields are marked *