BIR Implements 1% Withholding Tax to Online Sellers
BIR implements a 1% withholding tax on gross remittances by e-marketplace operators to online sellers. Exemptions for low-earning sellers.
Calcoins, KropToken Founder Jose Calata Charged by BIR for Tax Evasion
BIR sues Joseph Calata, the founder of Calata Agribusiness and cryptocurrencies Calcoins and KropToken, for Tax Evasion.
BIR Eyes to Collect Taxes from ‘Big Time’ Influencers, Online Sellers
Sign up with your email and never miss another crypto and NFT stories from the Philippines and beyond! The Bureau of Internal Revenue (BIR) is determined to collect taxes from “big time” social media influencers, online sellers, and online businesses, Commissioner Lilia C. Guillermo announced during the SGV Tax Symposium last August 19, 2022. “We…
BIR Collects ₱3.72 Million in Taxes From Social Media Influencers
In August 2021, the BIR sent out a memo reminding bloggers and social media influencers to pay their taxes.
Rep. Salceda to BIR: PH Tax Laws Must Adopt to Increasing Online Freelancers
He added that there are about a million virtual employees in the country.
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BSP Closely Monitors Local Axie Infinity SLP Merchants System
According to the central bank, Axie Infinity owned by Vietnam-based Sky Mavis, “is not considered as VASP” or virtual asset service provider.
BIR, DOF are Looking Into Axie Infinity, Earnings are Taxable says Finance Undersecretary
An independent estimation reveals that Php 2 billion was remitted to the Philippines last July via earnings by Filipinos playing Axie Infinity.
Social Media Influencers Warned to Pay Tax by the BIR
The Bureau of Internal Revenue reminds Internet celebrities and social media influencers to pay tax.
BIR Requests New Policies to Tax the ‘Digital’ Economy
Marissa Cabreros, Deputy Commissioner of the Bureau of Internal Revenue (BIR) Legal Group said that to effectively tax the digital economy, an appropriate and legal framework must be in place.