- Acting Socioeconomic Planning Secretary Karl Kendrick Chua clarified that as per the Tax Reform for Acceleration and Inclusion Act, only income above P250,000 is subject to taxes
- Presidential Spokesperson Harry Roque said that while not all online sellers are required to pay taxes, they must register with the Bureau of Internal Revenue (BIR)
- Roque asked for more understanding from the public as the government needs funds for our COVID-19 efforts
Malacañang has clarified that not all online sellers are required to pay taxes but should register their records with the Bureau of Internal Revenue (BIR).
Acting Socioeconomic Planning Secretary Karl Kendrick Chua joined Presidential Spokesperson Harry Roque in a Malacañang briefing to explain the memorandum released by BIR that said online businesses must register, declare their past transactions and pay taxes not later than July 31.
“All those who will register their business activity and/or update their registration status not later than July 31, 2020 shall not be imposed with penalty for late registration,” said the BIR.
Roque said there is a tax exemption for those whose income are below P250,000. Chua added that according to the Tax Reform for Acceleration and Inclusion Act, only income above P250,000 is subject to taxes.
Roque admitted that the government will continue looking for ways to increase our tax intake, as we need more funds for COVID-19 efforts.
“Ang pinagkukunan naman po natin para sa COVID-19 ay ‘yung pondo na pumapasok primarily sa BIR at sa Customs. Habang tumataas ang pangangailangan natin sa COVID-19, syempre hahanap at hahanap tayo ng pamamaraan para ma-increase ang ating intake ng taxes. Isa po ito sa pamamaraan,” Roque said.
Roque asked the public for more understanding; saying that if the government doesn’t have any funds, they won’t be able to give financial assistance amid the health crisis.
“Humihingi lang po ako ng pag-intindi sa ating publiko dahil kung wala naman tayong kaban, wala tayong ayudang maibibigay,” he added.