Benjamin Diokno: “Ang pinakaimportante sa tax system, it should be fair at tsaka it should be perceived to be fair.” BENJAMIN DIOKNO — The incoming Finance Secretary is looking into imposing the “correct” taxes for streaming service payments and other digital transactions as a way for the Philippine government to earn additional revenues. Diokno, the … Read more
Senator Grace Poe called on financial institutions and banks to fortify digital platforms against cybercrimes. On Tuesday, Senator Grace Poe called on financial institutions and banks to fortify digital platforms against cybercrimes, especially at a time more people were turning to digital transactions. The senator, who chaired the Senate Committee on Banks, Financial Institutions, and … Read more
Dominguez ordered BIR to study other countries’ tax practices on digital transactions. DOF — Finance Secretary Carlos Dominguez III ordered the Bureau of Internal Revenue (BIR) to study other countries’ tax practices on digital transactions. Dominguez has ordered the BIR to form a unit dedicated to tracking sales of goods done online and to coordinate … Read more
