Bureau of Internal Revenue the ongoing filing of income tax returns as taxpayers line up to file their ITRs at the BIR Region 6 office in Intramuros, Manila on April 15, 2024MANILA, Philippines — The Bureau of Internal Revenue has deferred the imposition of the one percent withholding tax on online platform providers to mid-July instead of mid-April to allow adjustments among taxpayers.
“In order to provide the taxpayers sufficient time to comply and adjust to the requirements, the transitory period is extended to an additional 90 days or until July 14,” Lumagui said. The BIR will impose a withholding tax of one percent on one-half of the gross remittances of the online platform providers to the sellers of the goods and services.
The tax revenue agency said e-marketplace refers to a digital platform whose business is to connect online consumers with online merchants, facilitate and conclude the sales, process the payment of the products, goods or services through the platform.
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