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.
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...
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.
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.
