BIR special teams to focus on online sellers, influencers

253
Photo from pexels.com

By Inquirer.Net

To better monitor online transactions and social media posts for tax compliance, the Bureau of Internal Revenue (BIR) has ordered the creation of a special task force in each of its 19 regional offices that will focus on these newly designated sources of government revenue.

BIR Commissioner Caesar Dulay on Friday directed all district offices, as well as large taxpayer divisions and auditors, to monitor and verify the compliance of online merchants, social media influencers and other businesses operating through digital or online platforms that are registered or residing within their jurisdictions.

“Business transactions nowadays are executed and facilitated using internet platforms, such as Facebook, Instagram, YouTube, Airbnb, Lazada, Shopee, etc. Regardless of the manner of doing their business or of earning income, they have the obligation to register, file their tax returns and pay whatever taxes are due to the government,” Dulay said, adding:

“The conduct of business through a digital platform does not exempt anyone from his/her/its tax obligations under the law.” Create database

Revenue officers are also expected to create a database of all online sellers of goods and services as well as social media influencers and the properties being leased out by online lessors.

They should determine who have remained unregistered with the BIR, and evaluate the compliance of those who are already listed based on documents, such as official receipts and sales invoices, books of accounts, on the timeliness of their tax filings and payments.

READ full story HERE.