Monday, July 22, 2024
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Study cites barriers, challenges in taxing PH digital firms

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).

Gov’t says 84% of taxes in 2019 collected via e-channels

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.

BIR adds PayMaya as cashless option for paying taxes

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.

iThink | Love in the time of coronavirus

So, is it time for us to stop relying purely on bots in sorting out information for us?

PH gov’t urged to streamline online compliance systems

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.

UnionBank links up to BIR for electronic payment of taxes

Taxpayers who do not yet have a UnionBank account can also enjoy the tax e-payment platform by signing up for a Taxumo account.

Local animation industry asks PH gov’t for tax breaks

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.
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