“We are glad his proposal to tax online transactions which will put online merchants on equal footing with in-store retailers on tax burdens. Big opportunity for new government revenue source and will level the playing field with traditional retailers,” Roberto S. Claudio, Philippine Retailers Association vice-chairman, toldIn his first State of the Nation Address, Mr. Marcos pushed for a VAT on digital services, which he said would initially generate P11.
“I think it is very good to hear that there will be no further lockdowns. It’s clear that those lockdowns had a significant impact on the economy. It’s good to hear that,” Mr. Nelson said. The government’s implementation of a strict and prolonged lockdown to curb COVID-19 infections has been blamed for the Philippine economy’s record 9.6% contraction in 2020.