The Department of Finance (DOF) spotlighted digitalization as one of the major pillars of its policies to make businesses prosper and future-proof the Philippine economy.
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.
The two chief justices agreed that the digitalization of court proceedings, particularly the implementation of videoconferencing hearings, is extremely beneficial for archipelagic countries like Japan and the Philippines.
The Department of Science and Technology (DOST) is pushing for an aggressive digitalization program for the country’s struggling garment and fashion industry that includes digital prototyping and handloom weaving.
A record high of 46,445 firms registered using the SEC Electronic Simplified Processing of Application for Registration of Corporation (eSPARC) from January to November 2023, surpassing the previous record of 42,936 for the entire 2022.
The digital transformation journey for micro, small, and medium enterprises (MSMEs) in the Philippines is an important step towards their survival and growth in the increasingly globalized economy.
The SEC recorded a total of 42,926 corporate registrations in 2022, 13% higher than the 38,052 seen in 2021 -- a record high for the agency’s 85- year history as the country’s company registrar.
The BIR’s 10-year DX Vision 2030 digitalization program first phase covers 2020 to 2023 and focuses on building the foundation of the DX program. Phase two will take place from 2024 to 2030.
