Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/241056 
Year of Publication: 
2021
Series/Report no.: 
PIDS Discussion Paper Series No. 2021-08
Publisher: 
Philippine Institute for Development Studies (PIDS), Quezon City
Abstract: 
The issues and challenges in taxation in the digital economy stem from the complex and multifaceted nature of the digital economy. Reaching a common understanding and measurement of its size and impact is critical in devising a tax regime for the digital economy. In APEC Secretariat (2019), the Philippines identified the major barriers and challenges (i.e., scoping and measurement of the digital economy, the regulatory and legal framework - including sandboxes and digital infrastructure gap) to implementing structural reforms relating to the digital economy. It also identified the major policy gaps in terms of its regulatory and legal framework, competition policy, internet infrastructure improvements, and consumer education on digital economy. The opportunities and challenges that the digital economy brings are particularly important for developing countries, including the Philippines. Thus, it is deemed critical for the Philippine government to eliminate the barriers and challenges and address the identified policy gaps to fully reap the benefits from the digital economy. Also, the need for development strategies cannot be overemphasized. This paper argues that development strategies should first focus on developing domestic digital capacities.
Subjects: 
digital economy
digitalized economy
platform economy
electronic commerce
e-commerce
information and communication technology/ICT
taxation
digital tax
base erosion and profit shifting/BEPS
Document Type: 
Working Paper

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