e-commerce

The E-Commerce Philippines 2024-2028 Roadmap is envisioned as a future-ready plan with 13 strategies and 28 deliverables aimed at building trust between online customers and sellers.

The Bureau of Internal Revenue (BIR) has announced that online merchants with earnings amounting to more than P500,000 annually are now subject to a 1-percent withholding tax.

The passage of the Internet Transactions Act of 2023, signed as Republic Act No. 11967, is expected to provide the public with the mechanisms to confidently embrace the digital economy.

This year’s e-Conomy SEA report from Google, Temasek and Bain & Company, said the Philippine digital economy is set to continue its double-digit growth by 2025, making the Philippines one of the fastest-growing digital economies in Southeast Asia.

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.

Through the Consumer Complaints Assistance and Resolution System (CARe System) and Philippine Online Dispute Resolution System (PODRS), consumers would have a seamless and stress-free experience from the time they file their initial complaint until the final resolution, the Department of Trade and Industry (DTI) said.

The company said the study was conducted across six countries - Singapore, Malaysia, Philippines, Indonesia, Thailand and Vietnam – with over 9,000 participants to shed light on this group of avid e-shoppers, affectionately dubbed “e-shopaholics” by Ninja Van Philippines.

Lawyer Rule Oporto, a tax expert and senior director for business tax services at SGV & Co., has urged businesses engaged in exports and e-commerce to comply with the invoicing requirements as the Bureau of Internal Revenue (BIR) is expanding the coverage of its electronic invoicing system (EIC) implementation.

PhilPost said it has been on a journey of digital innovation to improve operational efficiency and take on a bigger role in the e-commerce industry.

The Bureau of Customs (BOC) said it is working on a set of customs regulations that would address gaps and challenges in the processing and clearance of cross-border e-commerce shipments.