Skip to main content

Posts

Showing posts from January, 2020

Philippine tax for digital services

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.

Data privacy, impact assessment, and security-related system testing

Data privacy have become the norm for regulation, standardization and compliance regimes for everything data, vital to persons and businesses. Unlike the early days, data privacy laws have created favorable impressions. It depends on which side you are in. Geeks were dreadful of any kind of technology regulations and bureaucrats couldn’t hid their displeasure in new things as they play whip. Such regimes should be seen more as initiatives to improve the diffusion of technology for everyone and commit any kind of high technology build up into a more responsible social and economic instrument. With data privacy, its adaptation by all, which businesses were affected by the fact that we are not being careful how we use private data especially those being transacted online, is just a manifestation that there is a need for unsubtle formalization of, if not more echt in the, rules—our own in a manner that is, say, stringently and uniquely applicable for every purpose. We can focus on data pr...