Metro Manila (CNN Philippines, July 30) — Online sellers now have until end of August to register their business, according to the Bureau of Internal Revenue.
The initial deadline for the online business registration was July 31, Friday.
In a memorandum dated July 29, Internal Revenue Commissioner Caesar Dulay cited the reasons for the deadline extension. They include online merchants’ lack of transportation to go to BIR’s district offices, their fear of coming face-to-face with other people amid the COVID-19 crisis, and limited bank operations.
Dulay reiterated that online sellers could volunteer to declare their past business transactions and pay the corresponding taxes without penalty.
Authorities earlier said those earning less than P250,000 per annum are exempt from paying income taxes, in accordance with the Tax Reform for Acceleration and Inclusion Act also known as the Train law.
However, all online merchants, regardless of revenues, are required to register, for they run the risk of facing a fine when they fail to do so.
“All those who will be found later doing business without the registration … and those who fail to declare past due taxes shall be imposed with applicable penalties under the law, and existing revenue rules and regulations,” Dulay warned.
