BIR to Tax Philippine Online Retailers


Isn’t it great that our present administration’s BIR is doing a magnificent job of reaching their quotas in collecting taxes? They even reached a historic feat of reaching the P1trillion mark which was made possible by two stellar months of record breaking tax collection to end the year.

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Bravo to the “the first trillionaire commissioner” and all the hard working men and women of the Philippine Bureau of Internal Revenue.

So they reached the trillion peso mark…

What now?

Well, the ever dynamic trillionaire commissioner now plans to collect from the “big” online vendors.



We’ll see in the following weeks how Malacanang defines “big” online retailers and how big really is “big.”

Will they limit the tax to online malls that are becoming ever more popular with their bagsak-presyo promotions or will ebay’s powersellers be affected as well?

How will they tax purchases from foreign based markets?

More importantly what does this mean for us who are already making money online through other means, like buying and selling, article writing and direct online tutorials,in the long run?

There are a lot of questions waiting to be answered but even if the initial taxation of the “big” online retail companies turns out to be harmless to us who aren’t making millions of pesos, we must remain vigilant.


Again, let’s be vigilant, fellow online professionals.

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2 comments:

  1. Will they limit the tax to online online malls that are becoming ever more popular with their bagsak-presyo promotions or will ebay’s powersellers be affected as well?

    ReplyDelete
    Replies
    1. Thanks for your interest Muhammad Amir. Are you an online seller from the Philippines as well?
      So far, according to Malanang representatives(because the palace seems to support the idea), small time sellers will not be affected. This is only the beginning however. There will be no clear answers until the IRR will be made public regarding this new BIR move.
      It's important to remain vigilant.

      Delete

 

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Chris Benedict Valencia is a part time content writer and blogger. He is a learning blogger and sees every learning opportunity as a new post topic. He enjoys fishing, travelling and surfing the internet.