The Bureau of Internal Revenue is set to conduct a"full-blown tax investigation" against social media influencers, as the Philippine government looks for more cash amid the coronavirus pandemic.
The BIR also noted reports that content creators are not registered with the BIR or are"registered under different tax types or line of business" but not declaring their earnings properly. Mixed-income earners or those who are earning both compensation income and income as a social media influencer may be taxed at the same rates.
Content creators, however, can deduct expenses, such as filming expenses and equipment use, from their gross income.
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