{"id":263650,"date":"2020-07-31T06:37:24","date_gmt":"2020-07-31T10:37:24","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=263650"},"modified":"2020-07-31T06:37:24","modified_gmt":"2020-07-31T10:37:24","slug":"vat-on-e-commerce-sites-to-hurt-consumers-solon","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/07\/31\/vat-on-e-commerce-sites-to-hurt-consumers-solon\/","title":{"rendered":"VAT on e-commerce sites to hurt consumers: solon"},"content":{"rendered":"
\"e-commerce\"<\/a>
She also warned that aside from consumers, small-time businesses and sellers would also be directly affected by the imposition of a 12-percent VAT on popular online shopping platforms, such as Lazada and Shopee. (File Photo: rupixen\/Unsplash)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0\u2013 A party-list lawmaker on Friday warned against imposing a 12-percent value-added tax (VAT) on e-commerce sites as this would ultimately hurt consumers.<\/p>\n

In a statement, Bagong Henerasyon Rep. Bernadette Herrera said the proposed VAT would be passed on to the consumers in the form of higher prices.<\/p>\n

Herrera called the move \u201ctotally unacceptable at this time of economic uncertainty.\u201d<\/p>\n

She also warned that aside from consumers, small-time businesses and sellers would also be directly affected by the imposition of a 12-percent VAT on popular online shopping platforms, such as Lazada and Shopee.<\/p>\n

\u201cIt\u2019s not good to impose undue administrative burden associated with VAT on Lazada and Shopee, which have been of great help to small businesses and budding entrepreneurs,\u201d Herrera said.<\/p>\n

These online shopping platforms, she said, play a big role for consumers as the government promotes contactless transactions amid the coronavirus disease (Covid-19) pandemic.<\/p>\n

Herrera noted that these shopping platforms have been a source of alternative livelihood for Filipinos affected by the public health crisis.<\/p>\n

\u201cMany of our kababayans (who) have lost their jobs due to the pandemic had to resort to selling products and services online just to make ends meet,\u201d she said.<\/p>\n

On Wednesday, the House of Representatives\u2019 Ways and Means Committee approved a proposal imposing a 12-percent VAT on digital transactions in the country.<\/p>\n

It seeks to amend Section 105 of the National Internal Revenue Code (NIRC) by taxing digital service providers that operate through online platforms.<\/p>\n

Digital services include online licensing or software, updates and add-ons, website filters and firewalls, mobile applications, video games, and online games, and webcasts and webinars.<\/p>\n

Also included are the provision of digital content, such as music, files, images, text, and information; online advertising spaces; electronic marketplaces; search engine services; social networks; database and hosting; and online training, among others.<\/p>\n

Albay Rep. Joey Salceda, panel chair, said no new taxes would be imposed, as he guaranteed exemptions for small businesses.<\/p>\n

\u201cIf your sales are below PHP3 million, you are exempt from paying or filing VAT. If your net income as a sole proprietor is below PHP250,000, you are exempt from paying and filing income taxes. So, the small Facebook online seller will not be taxed. I guarantee you,\u201d Salceda said.<\/p>\n

Some 77 percent of the projected revenues would come from upper-middle-income families and above, he said, adding that only 0.04 percent of all revenues from this proposal would come from the bottom 20 percent of the population.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0\u2013 A party-list lawmaker on Friday warned against imposing a 12-percent value-added tax (VAT) on e-commerce sites as this would …<\/p>\n","protected":false},"author":44,"featured_media":256802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-263650","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-filane-mikee-cervantes","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/263650","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=263650"}],"version-history":[{"count":2,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/263650\/revisions"}],"predecessor-version":[{"id":263652,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/263650\/revisions\/263652"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/256802"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=263650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=263650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=263650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}