The “complex and multifaceted” nature of the digital economy creates tax issues, according to a study published by state think tank Philippine Institute for Development Studies (PIDS).
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.
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.
A survey conducted by AIM found that for SMEs, regulatory compliance was perceived to be "moderately burdensome," with the BIR and LGUs seen as among the most difficult agencies to deal with.
Most studios are small and medium-scale enterprises and provide employment for 10,000 to 12,000 animators, including indirect workers and suppliers, who have been keeping the industry on the global map for years.
