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.
“Outdated” regulations in the ICT sector hamper the country’s digital readiness and efforts to drop internet cost, improve speed, and enhance service coverage, experts said in a recent webinar organized by the Philippine Institute for Development Studies (PIDS).
Using traditional data with new data sources such as big data can improve the quality of data for planning and policymaking, a report from the Philippine Institute for Development Studies (PIDS) said.
The study from the Philippine Institute for Development Studies (PIDS) noted that the Philippines is the only country in the Asia-Pacific Economic Cooperation region that requires interested companies to secure a legislative franchise before applying for a certificate to operate as a telecom firm.
The study also noted that the demand for IT-BPM-related onsite jobs remains low in rural areas and local talents had to move to another province to find jobs.
With traditional agricultural methods falling short, investing in new technologies is key to transforming the country’s livestock, poultry, and dairy (LPD) industries.
Pursuing the country’s digital trade integration will positively impact its emerging digital services trade, according to a recent study published by state think tank Philippine Institute for Development Studies (PIDS).
While online work offers economic opportunities for Filipinos, a study from state think tank Philippine Institute for Development Studies (PIDS) said the government needs to ensure “decent work” for workers, especially with its diverse nature.
DOST-PCIEERD director Enrico Paringit said that while each city is unique in terms of its needs and goals for smart city development, their technologies should still have a common ground.
