News Formal

DOF to online sellers: Registering business with BIR comes with gov’t benefits

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 86%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

“It’s not only a requirement and an act of good citizenship, it also comes with benefits,” Finance Assistant Secretary Tony Lambino said.

and other digital-based businesses to register their activities, declare previous transactions, and settle their corresponding taxes no later than July 31.

The BIR directive came as several businesses shift to the online platform since the coronavirus lockdown restrictions have prevented physical stores from opening. The Finance official argued that the BIR order was just a reminder as taxing online sellers is not a new policy. “It is really just to make sure that everyone is compliant atsaka fair po ang pag-implement ng ating [and we are fair in implementing our] tax code,” Lambino said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ULOL

Complete BS. 💩

Such as..? Because I am a small business owner, registered with BIR and if red tape is a benefit then yes, it comes with benefits.

Benefits?!? What a joke...!

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Release of gov’t subsidy for small business workers nearing completionMajority of workers in small businesses affected by the COVID-19 crisis have received cash aid, the national government reported on Monday
Source: CNN Philippines - 🏆 13. / 63 Read more »