Lopez: Barter taxable only if treated as business

  • 📰 cebudailynews
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 71%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

CDNTopStories Trade Secretary Ramon Lopez clarified Thursday, July 16, 2020, that barter trading is only taxable if such acts are being treated as a business. Read more: CDNDigital

Lopez made the remark after receiving flak over his pronouncement that barter is not allowed, saying that the Department of Trade and Industry will go after those involved in online barter.

“At kung itong local naman ang pinag-uusapan, wala namang pumipigil na batas dyan subalit they will be subject to registration, may regulation po yan, subject to registration tsaka subject to tax kung ito talaga ay negosyo na,” the trade secretary explained. “Kapag ito ay negosyo na talaga at above P3 million, talaga ho kailangan ng tax. Kaya yun ang initial reaction natin, sabi ko naman, kung hindi ito nata-tax at ito ay negosyo na, yun ang ilegal,” Lopez said.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 8. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

BusinessFind the latest information and analysis on the economy, industry performance and regulation, business deals, corporate earnings, and markets in Rappler Business. pamparampampaam may ibababa pa palaaaa Is it good or bad? This is a sign of bad economy. Bad for exporter and for OFW.
La source: rapplerdotcom - 🏆 4. / 86 Lire la suite »