Department of Finance secretart Ralph Recto asserted that information technology should be deployed as liberation technology that makes the life of taxpayers easier, as complex payment processes discourage tax obedience.
DigiCo, a digital entity owned by businesses led by local tycoon Manuel V. Pangilinan, announced on Monday, July 29, its execution of separate agreements to acquire a 10% interest in Bayad Center and 100% of Multipay Corporation.
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.
