MANILA -- Online sellers who will register their businesses with the Bureau of Internal Revenue will be eligible for government benefits, the Department of Finance said Tuesday as it allayed concerns of digital entrepreneurs over taxes.
Businesses, including those online, should register with the BIR for compliance with the law, Finance Assistant Secretary Tony Lambino said.
"Ang gusto po talaga natin ay masunod ang batas that is actually applicable to everybody," Lambino said in a virtual press briefing.
(We want the law to be followed)
"It's not only a requirement and an act of good citizenship, it also comes with benefits," he said.
Small online sellers or those who earn P250,000 and below annually are exempted from registering their business with the BIR, Trade Secretary Ramon Lopez said Tuesday.
Registered online sellers can avail of low-interest loans from the Department of Trade and Industry, and can also qualify for wage subsidy programs, Lambino said.
The BIR last week reminded online sellers to register their businesses until July 30. Some lawmakers criticized the move as e-commerce exploded during the coronavirus pandemic.
Taxing online sellers is not new, Lambino said, noting that those earning less that P250,000 per year are exempted from paying.
"Yun naman po ay hindi bago. Ito po ay isang paalala na dapat nakarehistro ang lahat ng negosyo whether may tax due or wala," he said.
(That is not new. That is a reminder that all businesses must be registered even if they don't have tax dues.)
"Hindi po natin layunin na habulin ang mga online sellers para sa mga taxes po nito," he added.
(We're not after online sellers for their taxes.)