Sen. Sherwin Gatchalian said that even with Covid-19 pandemic raging in the country, business owners have to physically go to BIR offices to register.
GCash saw the value of transactions for payments to the BIR increased by 117 percent to P574.89 million in the first half of 2020 from P265.19 million the year prior.
The Department of Finance (DOF) said tax payments made through electronic channels last year amounted to P1.8 trillion, which was 84 percent of the total collections of the BIR.
Badly needing revenues to arrest the slide of the local economy, the government is moving to introduce tax on the digital economy, particularly on video-streaming companies and large online sellers.
The Bureau of Internal Revenue (BIR) said online business owners won’t pay taxes if their earnings do not exceed P250,000 annually.
Sen. Risa Hontiveros on Wednesday, June 17, urged the Bureau of Internal Revenue (BIR) to “withdraw, review, and re-write” its memorandum circular on the taxing
Sen. Sherwin Gatchalian has asked the Bureau of Internal Revenue (BIR) to defer its plan to impose taxes on small-time online sellers amid the Covid-19 pandemic, saying that the proposed taxation at the height of the economic and health crisis is ill-timed and insensitive.
Government agencies such as the Bureau of Internal Revenue (BIR) and the Social Security System (SSS) have announced a final extension for tax filing and membership dues, respectively, until June 15, 2020.