Finance Secretary Carlos Dominguez told senators on May 20, Wednesday, that they already started studying the possibility of collecting taxes from digital content and commerce.
“Right now, we don’t have a picture of the total amount of the transactions. What we are trying to figure out is how we will implement a tax collection program,” Dominguez said at the continuation of the Senate committee of the whole’s inquiry on the government’s COVID-19 response and economic stimulus plans.
“Our team from the DOF and the BIR is working very hard to determine the way to tax transactions that are supposed to be taxed but are escaping taxation because they are on the internet,” he added. Dominguez cited for instance that value-added tax was imposed on goods being sold in stores, while items sold online were not levied.
He added that they are identifying the transactions and the amount that will be taxed from video streaming services.Prior to this, Senator Ramon Revilla Jr. proposed that the Senate look into the possibility of imposing taxes on digital content and services to help finance the government’s COVID-19 response.
Abolish the 'rubber stamp' Senate, those Senators who earn at least P300,000 a month
Before they do that babaan muna nila yung presyo per bandwidth/speed
BABAWIIN ang FINANCIAL ASSISTANCE nyo..Hahaha
Can these guys do introspecting and ask themselves if we, the taxpayers want to pay more taxes now
Sa quality ng response ng gobyernong ito sa COVID, may gana ka pa bang magbayad ng tax? pwede bang magbayad ng tax sa mga private donors na walang tigil tumulong imbes na sa mga politiko mapunta ang pera?
It’s payback time!!! Hahaha. duterte inutil dds salot
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNN Philippines - 🏆 13. / 63 Read more »