MANILA, Philippines — The Bureau of Internal Revenue (BIR) on Tuesday said electronic marketplace operators such as Shopee and Lazada have started collecting the withholding tax on sellers or ...

In December last year, the BIR issued Revenue Regulation 16-2023 requiring online merchants with earnings of more than P500,000 annually to be subjected to a 1-percent withholding tax. The tax ...

the tax required to be withheld on the amount paid should have been paid to the BIR. Prior to the aforesaid amendment, Revenue Regulations (RR) 2-1998, specifically, Section 2.58.2, provides that a ...

MANILA, Philippines — Online merchants are now subjected to a one percent withholding tax based on the Bureau of Internal Revenue’s (BIR) latest regulation. BIR Revenue Regulation No. 16-2023 ...

Taxumo Inc. CEO EJ Arboleda said the collection of the withholding tax on online marketplace transactions creates a “transparent framework” that allows the Bureau of Internal Revenue (BIR ...

Doug Whiteman is an award-winning journalist with three decades of experience covering personal finance, starting when he was the Washington, D.C.-based consumer news editor and reporter for ...

In a proposal released earlier this year, the BIR proposed a creditable withholding tax of 1 percent of half of the gross revenues ... Lumagui claimed that talks about said taxation remain on the ...

(WCHS) — The West Virginia State Tax Department has updated personal income tax withholding tables for the 2023 tax season after the largest tax cut in state history. Gov. Jim Justice recently ...