It's been a while since I've posted any updates on my blog. Believe me, I've been busy doing Gunpla (and videogames too). I was busy browsing and gathering information about plastic modeling when I landed on GundamPH's site and the article about "Online Private Sellers – Obliged To Pay Taxes Says BIR".
According to the source:
"Online Traders beware: The taxman cometh"
MANILA – Online traders and entrepreneurs beware, as the Bureau of Internal Revenue this year will start going after those who fail to issue electronic invoices to customers.
Commissioner Kim Jacinto-Henares told reporters that online businesses – such as sulit.com.ph, e-bay Philippines, alibaba.com, ayosdito.ph and multiply.com - would have to be registered with the BIR.
"These businesses shall be registered to us, and that they should be paying the corresponding taxes. Otherwise, we will run after them," Jacinto-Henares said.
"This plan will push through hopefully within the year. Under the rules, online sellers shall be registered as such to the BIR, and that their electronic invoicing shall likewise be registered either directly to us or a third-party accredited by us," the BIR chief said.
"The electronic invoicing could be availed of through a third party, but such third-party shall be accredited by the BIR. Meaning, private parties could participate and get the necessary accreditation from us," she added.
Well...what can I say about this?
My middle finger salutes you BIR and the rest of your minions!
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