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.
Global and local enterprises have all been impacted by the pandemic. The necessity to lay-off employees that is sudden is catastrophic. It is an important move to continue staying afloat, hold out longevity of cash positions and performing assets, and offering huge discounts despite limitations in business operation. Question about reality of efficiency in organizations is more pronounced now than anytime before a crisis of vast proportion, this pandemic. True to almost everyone in business and working people nowadays. Fast turnover of employees is to a certain extent problematic. Efficiency needs to answer truthfully about the widest contributions towards the entire organization. People at all levels are always affected by the loss of life or result of financial setbacks or diseases under these perilous situations. Organizations' executives and management have been clamoring that data will enable them a solid evidence to push for the required decision-making which may happen quic...