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.
It's a statement and work of Peter Drucker. He's the management practice master, the dean of the profession and the discipline in general according to his works, literature and practitioners themselves. He's behind the notable Non-profit's Drucker Prize for which he defined innovation as change that creates new dimension of performance , which means very big about time in human activity. Leaders of all organizations, in business, health, education, technology including but not limited to innovation, except military which may vary in high degree for some reasons, knows about management and why time is the best argument for humans to not forget when doing their job. In consulting, generally, this is probably the main reason why their outcome is crucial and that their fees are not that cheap. They do understand their job, the value they create and contribute to the organization they work with. They can also be fully aware to the broader aspect of business which is the sub...