Congressman Libanan: “Be upfront and transparent with the prices of your products.” CONGRESSMAN LIBANAN – House Minority Leader and 4Ps Party-list Representative Marcelino Libanan recently warned online sellers who didn’t put price tags on their products. The congressman was referring to the Consumer Act of 1992 or Republic Act No. 7394. Amidst the last-minute Christmas … Read more
BIR: “There are initial observations and findings na talaga maraming non-compliant” BIR — The Bureau of Internal Revenue said that online sellers and social media influencers must pay their taxes. The tax bureau is in talks with online shopping platforms on the collection of taxes for online sellers. BIR Commissioner Lilia Guillermo reiterated that all … Read more
DTI: “Wag naman nilang gawin at may batas po tayo that will also allow us to run after those who take advantage of the situation.” DTI — The Department of Trade and Industry recently warned online sellers against taking advantage of fluctuation in the local currency. Trade Assistant Secretary Ann Claire Cabochan said during a … Read more
The BIR will hold a summit with Shopee and Lazada in September BIR — The Bureau of Internal Revenue will hold a summit with online shopping apps Shopee and Lazada in September in order to discuss a possible partnership to determine the sales of online sellers. BIR Commissioner Lilia Guillermo said at the sidelines of … Read more
BIR: “We will use big data analysis from the social media data and identify big time online sellers and influencers.” BIR — The Bureau of Internal Revenue will use “big data analysis from the social media data” to identify big-time online sellers and influencers. The tax bureau has asserted that the agency is really determined … Read more
BSP: “The 20-Piso NGC and enhanced 5-Piso coins are legal tenders.” BSP — On Tuesday, the Bangko Sentral ng Pilipinas warned the public against buying the 5-Piso and 20-Piso coins at higher prices from online sellers as both coins are still in circulation. According to the central bank, there were 290.09 million pieces of the … Read more
Taxing online sellers ‘started during Aquino administration’, according to the Palace. The Palace on Monday said that the policy of requiring online sellers in the Philippines to register with the Bureau of Internal Revenue (BIR) and pay taxes already started during the Aquino administration. This, as Presidential Spokesperson Harry Roque on Monday said in a televised briefing … Read more
“Hindi cool ang ‘PM sent’ sa online selling,” according to DTI. The Department of Trade and Industry (DTI) reminded online sellers in the Philippines that it’s not cool to say “PM sent” in online selling. This, as the regional office of the Department of Trade and Industry in Sultan Kudarat posted a meme on its … Read more