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Tax digital services? That's part of business, says DTI chief

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Arianne Merez, ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2020/business/07/31/20200524-covid19-safety-protocols-establishments-gc-0185.jpg"/><figcaption>DTI Secretary Ramon Lopez conducts an inspection of safety protocols to be implemented by establishments and malls at the SM Mall of Asia in Pasay City, May 24, 2020. George Calvelo, ABS-CBN News</figcaption></figure></div> MANILA -- Paying taxes is part of doing business--even if its online, Trade Secretary Ramon Lopez said Friday after a legislative panel approved a bill that seeks to impose tariffs on digital transactions.All businesses in the Philippines should be registered with the government and are subject to taxation, Lopez said as Congress seeks to charge online transactions of Filipinos.&quot;Talaga hong dapat naman ay magbayad ng tax, dahil this is our responsibility sa ating lipunan at kailangan ay mayroon pong bahagi parati ang pagbubuwis sa atin pong mga ginagawa, basta ho negosyo,&quot; Lopez said in a virtual press briefing.(We should really pay taxes because this is our responsibility to society and taxation is part of any business activity.)&quot;Kahit po ito online or kahit hindi online...Ito po ay kailangan ma-register at ito po ay subject to tax,&quot; he added.(Even if it&#x27;s online or not, it should be registered and is subject to tax.)A 12 percent value-added tax on digital services, including non-resident or foreign service providers, could generate P10.66 billion in revenues once enacted into law, economist Albay Rep. Joey Salceda said.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/07/29/20/house-committee-oks-12-percent-vat-on-digital-transactions">Netflix, Facebook, Google tax? House committee OKs 12 percent VAT on digital transactions</a></li></ul>Finance Secretary Carlos Dominguez III earlier said tax for digital services such as e-commerce and video streaming platforms is &quot;critical&quot; as consumption turns digital in the new normal following the devastating coronavirus pandemic. <ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/05/22/20/digital-economy-tax-critical-as-consumers-shift-to-virtual-channels-dominguez">Digital economy tax &#x27;critical&#x27; as consumers shift to virtual channels: Dominguez</a></li></ul>

Paying taxes is part of doing business--even if its online, Trade Secretary Ramon Lopez said Friday after a legislative panel approved a bill that seeks to impose tariffs on digital transactions.

Paying taxes is part of doing business--even if its online, Trade Secretary Ramon Lopez said Friday after a legislative panel approved a bill that seeks to impose tariffs on digital transactions.

Tax digital services? That's part of business, says DTI chief

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Tax digital services? That's part of business, says DTI chief

Arianne Merez,

ABS-CBN News

Published Jul 31, 2020 02:51 PM PHT

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Updated Jul 31, 2020 02:52 PM PHT

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Ramon Lopez

digital tax

digitax

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VAT

tax netflix

tax spotify

taxation of digital transactions

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