Soon we will be paying more for digital services, even internet identifier like domain names can be included, and that's a definitive VAT. In PH it's equivalent to 12%. Although, we still have to see invoice for domain names registration and renewal fees being added with VAT. You should be getting reminders from your local and international service providers to key-in your tax details, if you haven't yet done so. We must say, this is especially for those who had to directly acquire digital services with the source and not through local resellers. If you've been dealing with local resellers, your digital services may probably have been subjected with, and had added, VAT included in your payment ever since. You should be, but you have to check it. For online local retailers, you may have been VAT registered and paying your taxes with or without that digital tax. Don't take this as an advice and ascertain it with your accountant to be sure.
Following few statements about what the bill is by the authors. Since the Internet is of global in nature, a legislation that address global cyber crime may be needed. Also, maybe it can do good for all. “Cybercrime must be a top priority for our national security,” Gillibrand said in a joint statement with Hatch. “If we’re going to protect our networks, our infrastructure, our economy and our families, we have to go after cyber criminals wherever they may be — and it must be an international effort." “Cybercrime is a serious threat to the security of the global economy, which is why we need to coordinate our fight worldwide. Until countries begin to take the necessary steps to fight criminals within their borders, cybercrime havens will continue to flourish,” Hatch said. One of the authors have reported how much New York businesses are losing because of cybercrime. The U.S. law would be called, International Cybercrime Reporting and Cooperation Act . In fact, prior to t...