Tag: BIR

BIR starts crackdown on unregistered online businesses

The Bureau of Internal Revenue (BIR) starting today will go after unregistered online businesses despite the challenges posed by the lack of physical addresses and possibly even financial documents to audit.

The BIR no longer exten­ded the Sept. 30 deadline for online-based enterprises to register as taxpayers, which had been prolonged by two more months from the original July 31 cutoff date as the taxman took into consideration the difficulty to visit their offices amid quarantine movement restrictions.

Internal Revenue Deputy Commissioner Arnel Guballa told the Inquirer that at least 7,262 web-based businesses already registered as of Wednesday morning.

With the deadline lapsed, Guballa said unregistered online businesses would now be slapped penalties similar to those imposed on tax-delinquent firms.

Guballa said the BIR was working on how revenue officers could rise above the challenges posed by the online nature of these businesses.

“How to monitor and apprehend [unregistered online

Read More

Online sellers have until Sept. 30 to register their businesses without penalty – BIR

Online sellers have until Sept. 30 to register their businesses without penalty — BIR

The Bureau of Internal Revenue (BIR) reminded online sellers of goods and services that they would have until Wednesday, September 30, to register their businesses without penalty.

(MANILA BULLETIN)

It advised the digital operators to declare their previous year’s transactions and pay the corresponding taxes to avoid fines as prescribed under Revenue Memorandum Circular No. 92-2020 issued by Revenue Commissioner Caesar Dulay.

The circular stated that penalties will be slapped against those who continue their operations without registration and misdeclaration of earnings to avoid paying the correct taxes.

The Tax Reform for Acceleration and Inclusion (TRAIN) Law exempts from income tax online traders whose annual sale is P250,000 and below.

It was not immediately known if the deadline

Read More