Up next on people getting taxed: Independent creatives making money through ads

A week after the Bureau of Internal Revenue (BIR) released a memorandum requiring online businesses to register and pay taxes, the list of digital merchants required to register was released.

Aside from online sellers, BIR Deputy Commissioner Arnel Guballa added that independent creatives who earn money through digital ads will also be taxed. In line with Revenue Memorandum 60-2020, they are required to register with the bureau not later than July 31.

The list of businesses required to register includes:

  • e-Commerce platform providers
  • Internet retailers of consumer goods
  • Digital service, membership, and subscription
  • Digital transaction through the use of electronic platforms and media
  • Online blogging, filmmakers, earning from advertising gained from their online channels
  • Ride-hailing services for food, transportation, delivery, or merchandise

Fortunately, small-scale businesses and creatives need not worry. The Department of Trade and Industry (DTI) has exempted businesses earning P250,000 and below annually from paying income tax. 

[READ: DTI says small businesses exempted from tax registration—and it’s what they deserve]

 

Header photo by ConvertKit on Unsplash

Get more stories like this by subscribing to our weekly newsletter here.

Read more:

There’s always been uncertainty in freelancing but the pandemic has made it worse

PSA, online sellers: You now need to register and pay taxes for your business

DOLE readjusts 2020 budget to aid workers displaced by the pandemic

Writer: ANGELA PATRICIA SUACILLO

akun Slot88 slot jackpot terbesar situs slot88 terpercaya Slot Paling Gacor Hari Ini slot pulsa Slot Terbaru Gampang Menang jackpot besar di Slot88
situs judi online terpercaya slot online tergacor situs slot gacor catur777 slot online idn poker judi bola sbobet slotgacormaxwin wwwl24.mitsubishielectric.co.jp game slot online QQLINE88 3mbola catur777
Agen Situs Pkv Games Terpercaya slot online
Situs Judi Bola Online situs idn poker idn poker
daftar gambar togel
PROBOLA agen daftar situs judi slot online terpercaya dengan games pragmatic play yang sangat populer
situs slot pulsa