Section 12
SEC. 12. Section 288 of the National Internal Revenue Code of 1997, as amended, is hereby further amended to read as follows: "SEC. 288. Disposition of Incremental Revenues. - "(H) Incremental Revenues from Value-added Tax on Digital Service Providers. - Five percent (5%) of the incremental revenue from the value-added tax on digital service providers under Section 108 shall be allotted to and used exclusively for the development of creative industries, as defined under Republic Act No. 11904, otherwise known as the "Philippine Creative Industries Development Act," for five (5) years from the effectivity of this Act. "Upon the lapse of five(5)-year period, all such incremental revenues shall accrue to the General Fund."