MANILA - Small online sellers or those who earn P250,000 and below annually are exempted from registering their business with the Bureau of Internal Revenue, Trade Secretary Ramon Lopez said Tuesday.
The tax bureau last week reminded e-commerce firms to register and settle their liabilities as online transactions boomed during the coronavirus pandemic.
"Excluded naman talaga dito maliliit na negosyante. It’s really an important measure for traceability ng mga binibili natin online," Lopez told ABS-CBN's Teleradyo. "Kung ang kita nila P250,000 and below, sila ay exempted naman sa pagre-register."
(Small businesses are exempted. It’s really an important measure for traceability of what we buy online. If their income is 250,000 and below, they are exempted from registration.)
"This is for consumer protection. At the same time... we also believe in the principle na kung gusto mong lumaki ang negosyo mo, kailangan magregister ka," he said.
(We also believe in the principle that if you want your business to grow, you need to register.)
Lopez advised consumers to buy from large online platforms that have a rating system and requires sellers to register so they can be traced.
"Pagka bumili sila sa Facebook o Instagram na hindi nila kakilala, may risk po talaga na mahirap hagilapin," he said.
(If they buy from a seller they don't know on Facebook or Instagram, there's a risk that they will be hard to find.)
Resellers who carry the official receipt of the product they are selling do not need to register, Lopez added.
Read the bureau's registration guidelines below: