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5 hours ago · THE Bureau of Internal Revenue (BIR) has issued a circular ordering electronic marketplace operators to start the imposition of withholding taxes to sellers and merchants beginning July 15, 2024.
5 hours ago · In late 2023, the BIR issued Revenue Regulation 16-2023, imposing a 1% creditable withholding tax on half of the gross remittances by e-marketplace operators, such as Shopee and Lazada, and ...
1 day ago · July 16, 2024 | 6:14pm. MANILA, Philippines — Online sellers must now shoulder a withholding tax on digital marketplaces, the Bureau of Internal Revenue (BIR) said on Tuesday. BIR Commissioner ...
1 day ago · The Bureau of Internal Revenue (BIR) on Tuesday announced that its plan to subject merchants or sellers in online platforms under the withholding tax system took effect on July 15, 2024. This, after the extension to impose withholding tax to partner-merchants by their electronic marketplace operators under Revenue Circular No. 55-2024 expired ...
1 day ago · THE Bureau of Internal Revenue (BIR) started the imposition of withholding tax to online sellers/merchants on July 15, 2024 to ensure tax compliance and generate additional revenue from the rapidly growing digital economy. Commissioner Romeo D. Lumagui Jr. said Tuesday, July 26, that the 90-day extension for the delay of the implementation of ...
5 hours ago · MANILA, Philippines — The Bureau of Internal Revenue (BIR) on Tuesday said electronic marketplace operators such as Shopee and Lazada have started collecting the withholding tax on sellers or ...
1 day ago · The Bureau of Internal Revenue (BIR) has released a detailed guide on invoicing requirements under Revenue Memorandum Circular No. 77-2024. Titled "GABAY PARA SA INVOICING REQUIREMENTS," BIR Commissioner Romeo D. Lumagui Jr. offers businesses and taxpayers clear ways to adhere to proper invoicing procedures.
