{"id":257762,"date":"2020-06-11T05:55:44","date_gmt":"2020-06-11T09:55:44","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=257762"},"modified":"2020-06-11T05:55:44","modified_gmt":"2020-06-11T09:55:44","slug":"online-sellers-earning-below-p250k-tax-exempt-palace","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/06\/11\/online-sellers-earning-below-p250k-tax-exempt-palace\/","title":{"rendered":"Online sellers earning below P250K tax-exempt: Palace"},"content":{"rendered":"
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Under Section 236 of the Tax Code, business companies are required to register once with the appropriate Revenue District Officer. (Pexels Photo)<\/figcaption><\/figure>\n

MANILA \u2013 Online sellers earning PHP250,000 and below annually are exempted from paying taxes, Malaca\u00f1ang said on Thursday.<\/p>\n

Presidential Spokesperson Harry Roque made the clarification, a day after the Bureau of Internal Revenue (BIR) directed online sellers to register their business activities, declare past transactions, and settle their taxes before July 31.<\/p>\n

\u201cIf your online business\u2019 net income does not exceed PHP250,000, eh wala naman talaga kayong ibabayad (you don\u2019t have to pay taxes). So mag-rehistro na po (You just need to register),\u201d Roque said in a virtual presser aired on government-owned PTV-4.<\/p>\n

In a memorandum circular issued by BIR on June 10, the agency asked all persons doing business and earning income through electronic platforms and media \u201cto ensure that their businesses are registered pursuant to the provisions of Section 236 of the Tax Code, and that they are tax compliant.\u201d<\/p>\n

Under Section 236 of the Tax Code, business companies are required to register once with the appropriate Revenue District Officer.<\/p>\n

The BIR\u2019s latest memorandum circular covered payment gateways, delivery channels, Internet service providers, and other facilitators.<\/p>\n

Those who fail to comply with the BIR\u2019s directives on time will be meted with applicable penalties under the law and existing revenue rules and regulations.<\/p>\n

Roque appealed for public understanding, saying that the latest move was meant to boost the funding for coronavirus disease 2019 (Covid-19) response.<\/p>\n

\u201cAng pinagkukunan lang naman po natin ng ginagastos natin para sa Covid-19 ay yung pondo na pumapasok primarily sa BIR at saka sa Customs (Our only source of funds for Covid-19 is the BIR and Customs),\u201d he said. \u201cIsa po ito sa mga pamamaraan and humihingi lang po ako ng pag-intindi sa ating publiko (This is one of the solutions we\u2019ve seen and we\u2019re asking for public understanding).\u201d<\/p>\n

Roque explained that the government needs additional funds to respond to the needs of people affected by the Covid-19 pandemic.<\/p>\n

\u201cKung wala naman tayong kaban sa ating bayan, wala tayong mga ayuda, wala tayong tulong na maibibigay habang naririto ang Covid-19 (If we do not have funds, we cannot provide assistance amid the Covid-19 pandemic),\u201d he said.<\/p>\n

Senator Risa Hontiveros questioned the BIR\u2019s decision to tax online sellers and stressed that the bureau should instead focus on collecting the unpaid taxes of Philippine Offshore Gaming Operators (POGOs).<\/p>\n

The partial resumption of POGOs\u2019 operations was allowed in May in a bid to boost the government\u2019s Covid-19 funds.<\/p>\n

Roque ensured that taxes from POGOs are being collected to enable the government to address the Covid-19 pandemic.<\/p>\n

\u201cHindi po natin sila pinapalusot. Hindi po sila pupwedeng mag-bukas nang hindi nagbabayad ng kanilang mga buwis. Trust me po, lahat po pinagkukunan natin para maibigay po natin ang pangangailangan ng mga biktima ng Covid-19 (We are not tolerating them. They cannot operate without paying their taxes. Trust me, we\u2019re looking for other sources of funds to attend to the needs of victims of Covid-19),\u201d he said.<\/p>\n

The BIR is targeting to collect at least PHP2 billion a month from POGOs.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2013 Online sellers earning PHP250,000 and below annually are exempted from paying taxes, Malaca\u00f1ang said on Thursday. Presidential Spokesperson …<\/p>\n","protected":false},"author":44,"featured_media":224521,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,16,95],"tags":[],"class_list":["post-257762","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news","category-news-ph","mauthors-ruth-abbey-gita-carlos","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/257762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=257762"}],"version-history":[{"count":2,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/257762\/revisions"}],"predecessor-version":[{"id":257764,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/257762\/revisions\/257764"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/224521"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=257762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=257762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=257762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}