BIR going after online sellers to boost tax collection

ABS-CBN News

Posted at Dec 26 2012 12:00 PM | Updated as of Dec 27 2012 04:15 PM

MANILA, Philippines - The Bureau of Internal Revenue is going after online sellers to boost tax collection next year.

BIR chief Kim Henares says the agency has not monitored taxes paid by online stores despite the growing number of online transactions.

She noted the online selling community is part of the P300 billion informal sector.

Earlier this month, the BIR surpassed the P1 trillion mark.

This year's tax collection has already increased by 14% compared to last year but the BIR has yet to reach its target goal of P1.66 trillion. - ANC