Online sellers believe they have integrated AI into 47% of their business operations, even though actual adoption stands only at 37%, highlighting a clear gap between perceived and actual AI adoption.
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.
The government also warned that the practice of providing prices through private (or direct) messages to consumers or buyers is considered a violation of the Price Tag Law.
Department of Trade and Industry (DTI) undersecretary Ruth Castelo told a Senate hearing that the agency has no means to protect consumers from online sellers who cannot be located or do not provide any physical address.
The Department of Trade and Industry (DTI) reported that business name registration of online businesses boomed from 1,753 in January-March 15 this year -- or before the declaration of the community quarantine -- to 75,876 as of September 2.
Under the proposed law, the DTI shall have regulatory powers to take down or issue cease-and-desist orders against websites selling illegal or dangerous products or services.
The Department of Trade and Industry the number of registered online businesses surged from more than 1,600 online businesses that registered for the whole of 2019.
