21 Jan '13, 6am

#Philippines: Gov't wants to #tax buy-and-sell activities, threaten lawsuit against websites for evading users.

#Philippines: Gov't wants to #tax buy-and-sell activities, threaten lawsuit against websites for evading users.

Tax authorities in the Philippines have warned e-commerce sites and online sellers against tax avoidance. Will this discourage entrepreneurs from bringing their business online? e-Commerce is thriving in the Philippines, with startups like Sulit, Ayosdito and Ensogo, as well as established brands like eBay Philippines, gaining popularity in the mass market. But even as these buy-and-sell services offer small entrepreneurs the ability to market their products and services online, Philippine tax authorities are warning against tax avoidance or evasion, particularly unregistered and untaxed online sales. Bureau of Internal Revenue (BIR) Commissioner Kim Jacinto-Henares warned that any entrepreneur who makes money, but are not registered with the Department of Trade and Industry, nor paying their taxes with the BIR, will be liable. In the same light, any platform that offers e...

Full article: http://e27.sg/2013/01/21/philippine-internal-revenue-auth...

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