[ad_1]
More than 5,600 online businesses have met the extended deadline to register their operations with the Bureau of Internal Revenue (BIR), which on Tuesday (September 1) moved the deadline even further to September 30.
As of Sept. 1, at least 5,650 online businesses are already registered as taxpayers, Deputy Internal Revenue Commissioner Arnel SD Guballa told the Inquirer on Tuesday.
The original registration deadline of July 31 had been moved to August 31, but it fell on National Heroes Day, a common national holiday, prompting the nation’s largest tax collection agency to accept applications. Until September 1st.
But in Revenue Memorandum Circular (RMC) No. 92-2020 issued by the Internal Revenue Service Caesar R. Dulay also on Tuesday, the BIR chief said that he noted that there was “an increase in registrations in various district offices who are trying to beat the deadline. “
“Considering this and the BIR’s resource limitations at this time of quarantine protocols due to the COVID-19 pandemic, the deadline is further extended to September 30, 2020,” said Dulay.
Dulay assured that the registration until the end of the month will not be considered a violation of the deadline that carries penalties.
“These taxpayers who have previous transactions subject to the pertinent taxes are also encouraged to voluntarily declare the same and pay the corresponding taxes, without penalty for late presentation and payment, provided that the same is done on or before the due date. extended ”. Dulay added, referring to companies engaged in digital and online transactions.
But Dulay warned that those who voluntarily engage in online business without registering or updating their registration and those who fail to report or pay past taxes will face “penalties by law.”
In June, Dulay issued RMC 60-2020 to remind online stores of their registration and tax obligations under the Tax Code, as well as the guidelines issued by then-BIR director Kim S. Jacinto-Henares in 2013.
Henares’ RMC 55-2013 required all online stores to register and pay taxes. These included online retailers, online shopping malls, online marketplaces, web stores, and similar websites.
The government found that online sales flourished as more companies did business on the internet, social media and other digital channels at the height of the region’s longest and tightest COVID-19 lockdown, which closed many physical stores. markets.
The Secretary of Finance, Carlos G. Domínguez III, previously said that RMC 60-2020 was part of the government’s effort to implement a tax collection program on digital transactions of goods and services, just as it collected taxes in physical stores. .
“What we are asking at the moment is that online sellers register with the BIR. Whether they will be taxed or not depends on their specific circumstances, ”according to Domínguez.
TSB
Read next
EDITOR’S SELECTION
MOST READ
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer and more than 70 other titles, share up to 5 gadgets, listen to the news, download from 4am and share articles on social media. Call 896 6000.
For comments, complaints or inquiries, please contact us.
[ad_2]
