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 ...

CAGAYAN DE ORO CITY (PIA) – The Bureau of Internal Revenue (BIR) addressed ... interest and penalty rates to apply,” he explained. The forum also addressed local government units (LGUs) concerns ...

THE Bureau of Internal Revenue (BIR) must continue supporting online ... P500,000 or if the seller is duly exempt from or subject to a lower income tax rate pursuant to any existing law or treaty. The ...

However, if the final withholding tax rate on interest income of 20 percent is adjusted in ... subject to verification by the BIR office upon tax return audit, shall be capitalized. Should one ...

Lumagui expressed confidence that the BIR will hit its full-year target this time. “We have the new withholding tax on online sellers ... sustainable Philippine economy marked by lower poverty rates, ...

If the seller/merchant is duly exempt from or subject to a lower income tax rate pursuant to any ... are the regulations issued by the BIR that explain the withholding tax of online sellers.

The BIR said sellers/merchants are exempted from withholding tax if the annual total gross remittances ... or the seller/merchant is duly exempt from or subject to a lower income tax rate pursuant to ...

The withholding tax shall not apply "if the cumulative gross remittances to an online seller/merchant in a taxable year has not yet exceeded PHP500,000," the BIR said. Sellers subject to a lower ...

shall be subject to a 15 percent withholding tax rate. The addition of withholding taxes on payments by joint ventures or consortiums enables the BIR to collect taxes ahead of the annual tax filing ...

In this case, the buyer or purchaser is required to issue BIR Form No. 2304 to agricultural producers per purchase transaction. Income payments exceeding the said threshold amount will be subjected to ...