Search results
6 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 ...
6 hours ago · In December last year, the BIR issued Revenue Regulation 16-2023 requiring online merchants with earnings of more than P500,000 annually to be subjected to a 1-percent withholding tax.
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 ...
6 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.
1 day ago · The Bureau of Internal Revenue (BIR) has started implementing the withholding tax requirement for online sellers who conduct business on electronic marketplaces like Lazada and Shopee. In a statement, BIR Commissioner Romeo D. Lumagui Jr. said there will be no further extensions for online merchants to comply with the new withholding tax system outlined in Revenue Regulations (RR) No. 16-2023.
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 ...
