Online sellers earning below P250,000 yearly are tax exempt: Palace

Arianne Merez, ABS-CBN News

MANILA-- Online businesses earning less than P250,000 per year are exempted from paying taxes, Malacañang said Thursday after the Bureau of Internal Revenue reminded online sellers to settle their dues.&quot;If your online business net income does not exceed P250,000 eh wala po talaga kayo ibabayad (you don&#x27;t have to pay),&quot; Presidential Spokesman Harry Roque said.Roque made the remark after the BIR urged digital entrepreneurs to register their businesses. Lockdowns due to the pandemic shifted more Filipinos to e-commerce.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/06/11/20/bir-tells-online-sellers-register-pay-taxes">BIR tells online sellers: Register, pay taxes</a></li>	<li><a href="https://news.abs-cbn.com/business/06/02/20/online-sellers-must-follow-suggested-retail-price-says-dti">Online sellers must follow suggested retail price, says DTI</a></li></ul>The BIR has given online sellers until July 31 to register to avoid penalties.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/04/20/20/high-tech-low-touch-is-new-normal-as-banks-see-economy-through-covid-19">&#x27;High tech, low touch&#x27; is new normal as banks see economy through COVID-19</a></li></ul>&quot;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,&quot; said the BIR. <ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/video/business/02/18/20/philippine-retailers-flag-sales-drop-due-to-coronavirus">Philippine retailers flag sales drop due to coronavirus</a></li>	<li><a href="https://news.abs-cbn.com/business/05/04/20/lazada-sellers-back-online-as-customers-tap-to-new-normal">Lazada sellers back online as customers tap to new normal</a></li></ul>

Online businesses earning less than P250,000 per year are exempted from paying taxes, Malacañang said Thursday after the Bureau of Internal Revenue reminded online sellers to settle their dues.

Online businesses earning less than P250,000 per year are exempted from paying taxes, Malacañang said Thursday after the Bureau of Internal Revenue reminded online sellers to settle their dues.

Online sellers earning below P250,000 yearly are tax exempt: Palace | ABS-CBN

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Online sellers earning below P250,000 yearly are tax exempt: Palace

Online sellers earning below P250,000 yearly are tax exempt: Palace

Arianne Merez,

ABS-CBN News

Published Jun 11, 2020 01:44 PM PHT

|

Updated Jun 11, 2020 03:45 PM PHT

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