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.
The key stakeholder in a publicly traded organization is board of directors. They are charge, on behalf of the company and shareowners, to deliver and achieve corporate value. On top of anything, is to take care of their money (see on CG of MS, NASDAQ, WB), it takes into account the overall resources; it also facilitates direction and oversees organizations' capability to achieve goals and comply on regulations. Management down the ranks does the rest, working on every details from reporting to supporting business operations and future plans. The capability of any organization to attain expected outcome depends on how both board and management ascertain the need in, for the purpose of the subject take IT. Business people, unless former or current ICT practitioner, rarely knows about the field including the detailed part of it. Management have lots of experts though (from being an specialist of certain IT task, analyst up to managerial level) to rely on when necessary. Many high-level documents primarily ISO/IEC 38500 imply that board and management's active working relationship on, particularly, IT matters would save their organization from investing towards a failed effort.
Besides, investment has a pretty much clear definition, so-called investment does not seem to fit in failure. According to Security Analysis, 1934, an investment operation is one which, upon thorough analysis promises safety of principal and adequate return. Operations not meeting these requirement is speculative. That means any failed IT efforts are called a business speculation, not investment, in IT.
Many big and small organizations, according to many sources including the Web, have failed on their strive to improve their business operations with the help of IT due to lack of many factors including primarily a governance framework. On one hand, IT nowadays is easier e.g. enabling a particular network service. Vendors have completely documented the process to make it easier for somebody to get it work unlike the old days. On the other hand, it becomes even more complex that IT now reflects on a need to underpin business goals. It apparently adds up the many standards and practices out there, where organizations have to choose the correct pattern to help them improve their IT and to create value for the business. Sometime decisions goes to say, we need this and we need it now, without going through careful evaluation by other concerned stakeholders, if it is really a necessity or would be good to the organization. Documents stated that, IT is no longer just an IT professional job. It now requires collaboration from among the stakeholders and even external providers.
Having IT in a corporate governance system would make directors realized, especially in countries with stringent laws, their accountability with their organization's strive on IT is irreplaceable. Directors are not being asked to do much on IT as this may disrupt their other, or existing, governance chores. Majority of the provisions in ISO/IEC 38500 can be delegated to the management and it is up to the directors to direct and monitor certain part of IT to make sure any investment being proposed or made is going to meet an organization's particular objective. How do stakeholders know whether business is performing well as to their use of IT? If IT is continuously providing the mechanism required by the business, not only maintaining its competitive advantage but also providing value to the whole organization and other parties including external stakeholders. Like for instance and maybe the most popular issues for a few organizations, minimizing if not getting rid of waste and unpredictable and prolonged disruption of service, could be a good indication that business is maximizing the value being undertaken with IT.
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