online business

The BIR warned that failure to register shall be subject to administrative penalties and criminal liabilities.

Department of Trade and Industry (DTI) secretary Ramon Lopez said 88,000 new registrations for online businesses – a record number – were posted in 2020.

The report found that the majority of countries most suited to starting an online business are located in Europe.

The Department of Trade and Industry (DTI) reported that business name registration of online businesses boomed from 1,753 in January-March 15 this year -- or before the declaration of the community quarantine -- to 75,876 as of September 2.

Complaints related to online businesses also surged in the past months, with complaints filed with the DTI in the first eight months of the year reaching 12,630.