MANILA-- Online businesses earning less than P250,000 per year are exempted from paying taxes, Malacañang said Thursday after the Bureau of Internal Revenue reminded online sellers to settle their dues.
"If your online business net income does not exceed P250,000 eh wala po talaga kayo ibabayad ," Presidential Spokesman Harry Roque said. Roque made the remark after the BIR urged digital entrepreneurs to register their businesses. Lockdowns due to the pandemic shifted more Filipinos to e-commerce."All those who will register their business activity and/or update their registration status not later than July 31, 2020 shall not be imposed with penalty for late registration," said the BIR.
but needs to register and pay annually?
Grabe parang kung pag sama samahin yan malaki pero kung titingnan nyo nyo bawat online sellers ang liit nya kumpara sa POGO!
Kahit nagbebenta ng used underwear kelangan pa rin magpa register? Hassle to
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Palace backs taxing online sellers, but those earning P250K below are exemptCDNTopStories: Socioeconomic Planning Acting Secretary Karl Chua said that online sellers who have an annual earnings of P250,000 below are exempted from paying taxes under the tax reform law.
Source: cebudailynews - 🏆 8. / 71 Read more »
More than 2,500 rare manuscripts from Islamic world to be released onlineThe National Library of Israel is offering free digital access to more than 2,500 rare books and manuscripts from its world-renowned collection.
Source: inquirerdotnet - 🏆 3. / 86 Read more »
DLSU offers online data science coursePRESS RELEASE: The online course is designed for professionals and students from various STEM and ABM backgrounds who want to upskill towards a data science career. Read here for more details: GabrielDF29 !! jk?
Source: rapplerdotcom - 🏆 4. / 86 Read more »
#CitizensInHealth Online Career Talks to Strengthen Our Philippine Health Systemdexterarvinyang Hiring parin sa DOH no ohitsmiko ?
Source: rapplerdotcom - 🏆 4. / 86 Read more »
LTO, LTFRB transactions now available onlineTransactions with the Land Transportation Franchising and Regulatory Board (LTFRB) and Land Transportation Office (LTO) can now be done online in the National Capital Region through a new system starting June 16.
Source: manilabulletin - 🏆 25. / 51 Read more »
DepEd warns against proliferation of ‘outdated, unaccredited’ learning materials onlineThe Department of Education (DepEd) on Wednesday warned the public against groups and individuals who are promoting the unauthorized distribution and printing of learning materials online.
Source: manilabulletin - 🏆 25. / 51 Read more »