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Philippines Establishing Dedicated Unit to Track Online Sales and Determine How to Best Tax Such Transactions

28 October 2021

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Approved Changes

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Philippines

The Philippines Department of Finance issued a release on 26 October announcing that the Bureau of Internal Revenue (BIR) has been instructed to establish a dedicated unit to track online sales of goods and services and coordinate with tax authorities in other countries in order to determine how to properly tax such transactions. The release also notes new rules for the taxation of social media influencers. --- Dominguez orders BIR to study tax practices of other countries on digital transactions Finance Secretary Carlos Dominguez III has instructed the Bureau of Internal Revenue (BIR) to set up a unit dedicated to...