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Just recently, the value-added tax (VAT) on digital services was passed into law under Republic Act (RA) No. 12023 last October 2, 2024. Could this drive another increase in our subscription-based internet services?

The power of precedent is something that many business leaders often overlook, especially those who do not sweat the details and are not used to keeping receipts.

As Benjamin Franklin wrote in his 1789 letter, “In this world, nothing is certain except death and taxes.” Obviously, death is an undeniable truth and an inescapable fate for all of us. As regards taxes, these are the State’s lifeblood, allowing it to discharge its functions for the welfare of its constituents from people’s money.

Mindset, a very important characteristic, sets an employee apart from an entrepreneur. However, an employee cultivating an entrepreneurial mindset largely contributes to the success of the business.

Magic has long captivated audiences with its blend of mystery and wonder. Just like many, my childhood memories are filled with awe-inspiring performances where cards vanish, people defy gravity, and seemingly impossible feats are accomplished right before our eyes. These mesmerizing moments lead us to question reality itself, pondering whether genuine powers are at play or if it’s all just an elaborate trick.

It is said that global shifts, movements, and issues know no borders; what happens in one part of the world can impact us all.

Comparatively, businesses evolved from mere trading of valuable goods by traveling miles to find the perfect equivalent to the current day and age where two business parties can interact while being oceans apart.

The BIR has been blazing ahead with its agenda of digital transformation. To recall, the BIR laid out its digital transformation plan in Revenue Memorandum Order (RMO) No. 42-2022, outlining its blueprint for the Digital Transformation (DX) Program.