Online sellers to pay withholding tax by December: BIR

MANILA — The Bureau of Internal Revenue said on Friday that it aims to impose a withholding tax of 1 percent from online sellers by December or January of next year to cash in on the ever-growing e-commerce industry in the Philippines.

Once released, the new regulation would impose a withholding tax of 1 percent on one-half of the gross remittances of the online platform providers to their partner sellers or merchants. “Ang mga online platforms at yung mga payment channels… sila ang magbabayad sa BIR ng tax,” he added.“Dahil napatawan kayo ng withholding tax na 1 percent on half of the gross revenues, ibabawas ngayon yun sa payable ninyo,” he said.

“So that also addresses the issues raised by yung mga maliliit na kumikita sa online na sasabihin nila, maliit na nga lang kinikita ko dyan, bubuwisan pa. So hindi po kayo mabubuwisan pagka maliit na negosyante po yan. Yan ang aming pinapangako,” said Lumagui.

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