The government is losing substantial revenue as it struggles to impose taxes on digital transactions and non-resident digital service providers amid the digital commerce boom, said a law expert at a webinar organized by state think tank Philippine Institute of Development Studies (PIDS).
A UP Law professor explained that the current tax system was developed for brick-and-mortar or traditional businesses with a physical location and is not applicable for e-commerce firms.
The eGov SuperApp, which underwent a lengthy beta test before its launch, brings most online government services in a single platform, including the eTravel system which travelers need to use when leaving or entering the country.
Bangko Sentral ng Pilipinas (BSP) governor Felipe Medalla earlier told the media in an interview in Cebu City that GCash had already reimbursed from its own funds the money taken by the scammers, although it has not publicly acknowledged that a phishing attack had transpired on the e-wallets of GCash users.
The government’s pilot run motorcycle taxi allowed motorcycle transport network companies (TNC) -- Angkas, JoyRide, and Move It -- to have a combined total cap of 45,000 riders in Metro Manila.
TALA, the first high-powered hybrid rocket developed in the Philippines, successfully lifted off at 11:57 AM Saturday, May 20, from the Crow Valley Gunnery Range in Capas, Tarlac.
