MANILA, Philippines — The Bureau of Internal Revenue (BIR) has issued a regulation clarifying the local purchases of registered business enterprises subject to the 12 percent value-added tax (VAT).

Aside from the self-employed and professionals, the taxman will also keep a watchful eye on business owners who are engaged in high-traffic operations and those that involve expensive goods. In ...

According to the BIR’s Revenue Memorandum Circular No. 97-2021, influencers are classified for tax purposes as self-employed individuals or persons engaged in trade or business as sole proprietors.

The Bureau of Internal Revenue (BIR) is giving more time for online sellers, or those conducting digital or electronic business transactions, to comply with its business registration requirement. In ...

The Bureau of Internal Revenue (BIR) is extending the deadline for business registration of “online sellers” or those conducting business transactions through digital or electronic means for one month ...