Sao Paulo to Introduce 'Netflix Tax.'

Brazilian city Sao Paulo is planning to introduce a tax on online streaming services such as Netflix and Spotify.

In December 2016, Brazil passed a law to extend the tax on services (Imposto sobre Serviços (ISS)) at a minimum rate of two percent to streaming services providers, requiring that they pay the levy to the municipalities where their customers are based.

The city is expected to introduce the levy from 2018.