Since the lockdown, many Filipinos lost their jobs, struggling to find ways to feed their families and live. Good thing the government has programs to somehow support the people in form SAP, SSS programs, etc. Aside from buying food and essentials, some of those who received their ayuda put it to some good use such as capital to start any online business.
The surge is e-commerce has been very significant since there’s a threat going outside our homes.
Some excerpts from the BIR memo,
“Ensure that their businesses are registered pursuant to the — Tax Code, as amended, and that they are tax-compliant,”
not only sellers/merchants, but also other stakeholders involved such as payment gateways, delivery channels, internet service providers, and other facilitators.
The BIR said, “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.”
They also want the online sellers to declare their previous transactions that are subject to taxes without corresponding penalty.
Here’s a copy of the guidelines for registration:
