Online Seller Dagdag Tax, Pero Aboitiz, Lopez Power, Bawas Tax? GTNR with Ka Mentong and Ka Ado
🔴 “BIR may start imposing withholding tax on online sellers by Q4“
“We are aiming for (its) full implementation by next year. It may even start by the fourth quarter. Hopefully, the private sector will be on board,” BIR Commissioner Romeo D. Lumagui, Jr. told reporters on Tuesday.
The BIR is amending Revenue Regulations No. 2-98, which currently does not cover income payments by online platform providers.
The Marcos administration included the proposed value-added tax (VAT) on digital services as one of the priority legislation that Congress aims to approve by end-2023.
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