BIR pins hopes on tax for online sellers

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The story "BIR pins hopes on tax for online sellers" was covered 12 hours ago by Business Mirror, a news publisher based in Philippines.

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BIR pins hopes on tax for online sellers - Business Mirror

Quick Summary:

AFTER months of falling short of its high targets, the Bureau of Internal Revenue (BIR) is pinning its hope of reaching the P3.055-trillion revenue goal on taxing online sellers.

Further, collections of sales taxes and licenses and other domestic taxes reached P520.569 billion and P133.641 billion, respectively.

However, net income and profits rose by 6.88 percent year-on-year from the P804.788-billion collection recorded from January to July 2023.