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.
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.
The DTI said the agreement opens doors for possible collaboration between the Philippines and China in undertaking joint case studies and capacity building programs to enhance the knowledge and skills of MSMEs and maximize the potentials of e-commerce.
Digital platform foodpanda said that as e-commerce emerges as a vital tool in the country’s economic development, developing this sector becomes a key government priority.
“As our country continues to recover from the pandemic, e-Commerce remains to be the catalyst towards economic recovery and growth,” DTI director Christopher Lawrence Arnuco said.
E-commerce titan eBay unveiled on Thursday, July 14, its study on online businesses across the six Southeast Asian markets of Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.