THE Department of Trade and Industry (DTI) threw its support behind a house bill that seeks to impose value-added tax (VAT) on digital transactions. Trade Secretary Ramon M. Lopez said this is feasible if the transactions originated from the Philippines. “In principle, basta ang transaksyon ay nanggaling dito, kami naman…
THE Bangko Sentral ng Pilipinas (BSP) pushed to exempt small-value digital transactions pegged at around P500 from the imposition of value-added taxes (VAT) in a bid to shield smaller businesses and minimum wage earners from “additional tax burden” and to help hasten the public’s shift to digital payments. In this,…