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.
Why is it that we always place regulation as a responsibility, most primarily, of governments?
We think self-regulation has been of human's mode since the beginning of time, and entities working on advance technology or in the case of AIs, that without the usual apparent oversight, shall know their own work better and its effect and implications, if any, more than anybody else.
Did we always say, honesty is the best policy? In AI self-regulation, whether it's done by the AI enterprise itself or within its industry, that will be definitively brooding.
What do you think? (We will update this shortly but you can comment now.)
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