Online tax compliance platform Taxumo has released its 2024 State of Online Taxation report, highlighting the result that millennials continue to dominate as taxpayers although Gen Zs are catching up.
The share of digital payment transactions to total monthly retail payments in the Philippines grew from 42.1 percent in 2022 to 52.8 percent in 2023, according to the 2023 Report on E-Payments Measurement of the Bangko Sentral ng Pilipinas (BSP).
As such, the company has dropped its “digital bank” description in its marketing collaterals to convey the message that it is now a full-fledged bank performing its functions in a digital platform.
The Bureau of Internal Revenue (BIR) has imposed a withholding tax on online sellers but postponed the collection of a similar tax from digital financial service providers.
Sky Cable announced on Monday, July 22, that it has entered into a commercial arrangement with fiber broadband provider Converge ICT to enable Sky to upgrade its network and improve services to its subscribers.
Department of Trade and Industry (DTI) secretary Fred Pascual signed on Friday, July 20, an order suspending the online sale of vapor products on marketplaces, effective immediately.
The National Economic and Development Authority (NEDA) has committed to working with the Department of Trade and Industry (DTI) in implementing the National AI Strategy Roadmap 2.0 to strengthen the government's capacity for sustainable digital transformation.
Globe CEO Ernest Cu said the country needs more substantial investments in digital infrastructure, noting the Department of Information and Communications Technology invested only P7.6 billion for Internet infrastructure from 2018 to 2024.
The Cybercrime Investigation and Coordinating Center (CICC) has required Smart Communications to submit an official report on the status of its compliance to the SIM Card Registration Law after noting the proliferation of unregistered SIM cards that are being used in text scams and in various forms of cybercrimes.
