BIR imposes 1 percent withholding tax on online merchants
MANILA, Philippines — Online merchants are now subjected to a one percent withholding tax based on the Bureau of Internal Revenue’s (BIR) latest regulation. BIR Revenue Regulation No. 16-2023 officially imposes a one percent withholding tax on gross remittances made by operators of electronic marketplaces and digital financial services providers. Gross remittance refers to the
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