The Department of Finance and the Bureau of Internal Revenue are currently crafting regulations and designing a system to collect VAT on digital transactions to help the government raise revenues.
With the income tax filing deadline extended to May 15, 2020, many Filipinos who are stuck at home because of the public health situation can pay their taxes early via the Pay Bills section of the PayMaya app on their phone.
PayMaya said it will also be soon enabling the BIR with a capability to accept payments from PayMaya users using only their mobile numbers through the BIR website, as well as a facility to allow Filipinos to pay taxes using any credit, debit, or prepaid card.
So, is it time for us to stop relying purely on bots in sorting out information for us?
As a start, PayMaya account holders will soon be able to remit their tax payments to BIR through the Pay Bills feature of the PayMaya app. PayMaya is also working with BIR to extend digital tax payments to other channels, such as through its online portal and its revenue district offices nationwide.
One of the agencies badly affected by the malfunction is the Bureau of Internal Revenue (BIR), whose core system will now be hosted in an undisclosed site in Makati City.
A “major hardware meltdown” has prevented the BIR from accessing its Electronic Tax Information System (eTIS) and is now causing an enormous disruption of its operations.