- The Department of Trade and Industry (DTI) confirmed they will be going after the online barter trading
- Trade Secretary Ramon Lopez said barter system is allowed in limited parts of the country like Sulu and Tawi-Tawi, but the rest has to follow tax laws
- He said online barter trading violates tax laws and a composite team will start their probe
The Department of Trade and Industry (DTI) said they will soon be going after the online barter trade as it violates certain tax laws.
Trade Secretary Ramon Lopez also clarified that online barter trade is still considered unlawful.
According to Lopez, barter trade is allowed in some parts of Mindanao like Sulu and Tawi-tawi but with the rest of the Philippines, there are tax laws that should be followed. He said all online trade should be made through regular transactions and pay taxes.
“Sa ibang lugar, hindi allowed ang barter trade. Dapat regular transactions tayo at may tax na binabayaran,” he was quoted on CNN.
“Nalalabag nila ang tax law diyan. Ipapahanap natin dahil ill
egal ang activity na ‘yan,” he added.
Online barter trade is now growing its popularity on Facebook as participants trade their goods or services in exchange for other goods with no money involved. Many netizens barter their preloved items for foods or grocery items.
He added that a composite team of the DTI, Philippine National
Polic e and national Bureau of Investigation will start acting on that online trading.
“Diyan po umaaksyon naman po yung team, yung composite team ng DTI, at ng PNP, NBI,” Lopez said.
Meanwhile, Lopez also encouraged consumers to be wary when making business transactions online. He said, “Huwag po tayong bibili sa mga hindi natin kilala, o nagbebenta lang sa Facebook o Instagram.”
The Bureau of Internal Revenue (BIR) had earlier ordered online sellers and other digital-based businesses to declare their activities and pay taxes.