Please take note that there is no brick-and-mortar presence, no employees and no receipts involved. Although, some online business models would involve purchases through credit card or Paypal by website visitor/customer.
I can see that even this website has ads sponsored by Google. If in case the webmaster of this site charges money for advertising slots here, does that make this site a form of online business that would be bound by certain laws of this country?
Are there actually specific provisions for this under Philippine Law?
I'd appreciate a straightforward answer as I've found no clear answer after exhausting all online resources.