Connect with us

Business and Economy

BIR to monitor online sellers’ tax compliance during holiday season

Published

on

Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. (Photo: Romeo “Jun” Lumagui Jr./Facebook)

By Anna Leah Gonzales, Philippine News Agency

MANILA – The Bureau of Internal Revenue (BIR) will closely monitor the tax compliance of online marketplaces and online sellers during the holiday season, Commissioner Romeo Lumagui Jr. has said.

In a statement Wednesday, Lumagui warned that online businesses violating tax laws would be blocked.

Section 115 of the National Internal Revenue Code, as amended by Republic Act 12023, states that the BIR Commissioner has the power to suspend business operations.

This also includes the blocking of digital services performed or rendered in the Philippines by a digital service provider.

“If retail/physical stores are registered and paying their taxes, online stores should do the same. In the coming months, we are expecting an increase in revenue of online businesses due to the holiday spending spree,” he said.

Lumagui reminded consumers to ask online sellers for an official receipt.

“If you are spending your hard-earned income after paying taxes on their products, then online sellers/businesses should also pay their taxes,” he said.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle2 weeks ago

When Family Ties Break: Learning to Live With Estrangement

There was a time when the idea of becoming estranged from your own family seemed almost unthinkable. Family was family....

Headline4 weeks ago

A Day In My Life

There was a time when I thought a fulfilling life had to be busy to be meaningful. Now, I think...

Headline1 month ago

Letting Go with Love

There is a particular kind of heartbreak that comes with watching your child grow up. It isn’t the heartbreak of...

Headline2 months ago

Living With Anxiety: The Invisible Weight We Carry

There are illnesses we can see, and then there are the ones we learn to hide. Anxiety is often one...

Headline2 months ago

The Art of A Slow Weekend

We live in a world that glorifies being busy. Some people wear exhaustion like a badge of honour. Calendars are...

Headline3 months ago

Why We Chose an Intimate Wedding — And Why More Couples Are Doing the Same

Every wedding anniversary takes me back to one of the most magical days of our lives and reminds me why...

Headline3 months ago

Celebrating Turning 58

Birthdays have a way of making us pause—not to count the years we’ve lived, but to appreciate the countless blessings...

Lifestyle4 months ago

The Painful Reality of Losing Someone

Recently, I experienced the painful reality of losing someone through others. One friend lost her fiancé to death, while another...

Headline4 months ago

The Sobering Reality of Growing Old

Growing old brings a sobering reality: time is finite.  You watch your body slow down, see your parents age, and...

Lifestyle5 months ago

Dr. David Suzuki’s Legacy: A Celebration at 90

Celebrating Dr. David Suzuki’s 90th birthday on Friday, May 22  was a true privilege and a great pleasure! My husband,...