Understanding how the Philippines taxes online sellers
Individuals and businesses who are
engaged in online selling in the Philippines should take careful note of how
the country’s Bureau of Internal Revenue (BIR) collects taxes from these types
of entities.
Those entities that are conducting
business through online transactions are required to register at their local
Revenue District Office and pay a registration fee. Once this has been
completed, a BIR Certificate of Registration will be issued – this document
will make clear the types of tax that need to be filed and paid by the
taxpayer. An additional requirement is that online sellers must be granted
an Authority to Print for invoices, receipts, and register books of accounts.
The types of official invoices and receipts that are required to be issued
include: Sales invoices; delivery receipts; charge invoices; and other commercial
receipts for goods or services.
Another additional requirement
states that online sellers must withhold the required creditable/expanded
withholding tax, final tax, tax on compensation of employees, and other
withholding taxes. Once this has been done, the revenue collected must be
remitted to the BIR and the customers should be issued a Certificate of Tax
Withheld.
In order to show proof of income
and expense, all taxpayers, including online sellers, are required to issue
official invoices and receipts for each sale of goods and services rendered
over the amount of PHP25 (US$0.57). Failure to issue these receipts could
result in serious repercussions, such as the suspension of the business by the
BIR.
Information returns and other tax
compliance reports (ex. Summary List of Sales/Purchases) must be submitted as
required by existing rules and regulations
This tax on online sellers came
about because the Philippine government was looking to widen its attempts at
building a larger tax base with which to build state revenues. The BIR
has stated that “it has become imperative to remind the parties in these online
business transactions of their tax obligations,” since the internet has become
“the vogue medium not only for business advertisements but also for the conduct
of online business transactions, including online retailing through virtual
shopping malls, online market places, web stores, and similar websites (online
stores).” (Source: Aseanbriefing.com)
DOLE: Get experience
and skills; join Christmas season job fairs
Secretary of Labor and Employment
Rosalinda Dimapilis-Baldoz yesterday bared more job fair schedules nationwide
for the fourth quarter of 2014, which promise thousands of decent job matching
opportunities for graduates and other jobseekers during the Christmas season.
The labor and employment chief said
that the tentative fair schedules are available at the Phil-JobNet link of the
Bureau of Local Employment at www.phil-job-net.
Baldoz, encouraging jobseekers to
pursue their ‘dream jobs’, said:
“I am also heartened that our
Regional Offices located in Yolanda affected areas, such as Region 6, 7, and 8,
have scheduled job fairs. I know that our offices in these regions will be
offering job opportunities to the calamity victims. Remembering that fateful
day of 8 November 2013 and the way we at the DOLE acted to support the affected
regions warms my heart.”
She reiterated that Republic Act
8759, or the Public Employment Service Office (PESO) Act, directs that job
fairs shall be conducted “periodically all over the country to bring together
in one venue jobseekers and employers for immediate matching.”
In effect, such fairs bring decent
job opportunities to the grassroots and protect jobseekers from the threats and
perils posed by illegal recruiters and human traffickers.
The Bureau of Local Employment
(BLE) reported to Baldoz that the DOLE’s Statistical Performance Reporting
System (SPRS), recorded some 337,383 jobseekers from January to June this
year.
Significantly, nearly 550 job fairs
have been conducted during the same period.
With some 8,250 employers
participating, these resulted in 27,050 jobseekers being hired on-the-spot
(HOTS), an average of three per establishment that participated in the job
fairs.
During the 2014 Labor Day celebrations
alone, the BLE reported that 65 job fairs were simultaneously held in all 16
regions of the country. Nearly 14,180 jobseekers were hired on that single-day
job fairs.
Philippines: Farmers
trained on new garlic technology
The Department of Agriculture has
tapped the services of MMSU, along with five other state agencies, to help
revive the ailing Ilocos garlic and allotted some P10-M for a sustainable
seed support project. The other agencies are the Provincial Government of
Ilocos Norte, DA-BAR, ILAARRDEC, PhilRice-Batac, and the Bureau of Plant
Industry.
Dr. Prima Fe R. Franco, MMSU’s vice
president for research and extension, said the increase in the production of
high quality garlic bulbs in the province will be realized through a
sustainable seed support system which will be jointly implemented by MMSU and
the implementing agencies.
Under the proposed program, the
university will give the farmers an interest-free loan of garlic planting
materials to be used in their succeeding garlic planting seasons. These
materials shall be returned just after harvest. Last cropping season, the
university planted five hectares of its more than 200-hectare production area
in the main campus solely for high quality garlic varieties such as the Ilocos
White, Cabuyao, Ilocos Pink, and Tan Bolters.
Working in partnership with the
other agencies, the university is now stepping up moves to enhance the
capability of the garlic growers in producing high quality planting materials
so that they could sustain the garlic seed system in the province.
Going through the same vein is the
plan to expand the area planted with garlic through this scheme; and strengthen
the linkages among farmers, government agencies and non-government
organizations to improve the producers’ marketing scheme.
MMSU President Miriam E. Pascua
urged the farmers to support this program of reviving the province’s reputation
as producer of biggest and high quality garlic bulbs in the country.
“Although imported garlic is
destroying the price of the locally produced variety, we should still raise the
standard of our own product in terms of quality and volume,” she said adding
that “we may be left behind in the size, but the quality is way above those
being produced in other countries.”
She assured the farmers that the
university is continuing its efforts to improve its researches on garlic which
will include some value-added products such as garlic oil, powder, medicine,
and other pharmaceutical products.
“Researches are now underway to
utilize garlic as medicine. There is a move to produce capsulized garlic as
cure of high blood pressure,” she said. (Source: mmsu.edu.ph)
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