In a statement, BIR Commissioner Romeo Lumagui said business operations may be suspended through the issuance of closure or takedown orders against online businesses.
The BIR targets to level the playing field between physical and online stores by regulating them equally and taxing them uniformly.
Last July, the BIR formally imposed the one percent withholding tax on online platform providers.
This is one percent of one-half of the gross remittances of the online platform providers to the sellers of goods and services.
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Esta historia es de la edición September 10, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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After 2-year hiatus, Aicelle Santos makes 'Himala' comeback
After a two-year hiatus filled with life's greatest blessings, Aicelle Santos is returning to the stage in a role that has solidified her as one of the Philippines' most revered musical talents.
COCO MARTIN PAYS HOMAGE TO ROOTS WITH NEW BUSINESS VENTURE
IF YOU HAVE BEEN READING THIS SPACE FOR a while, you know I am keen on featuring people, happenings, and anything that could make the entertainment industry a better place. This week, we are giving the spotlight to the Primetime King himself, Coco Martin.
Ke Huy Quan in his first major lead role in Jonathan Eusebio's 'Love Hurts'
No matter how hard you try, you can't break up with your past. Acclaimed Fil-Am stunt coordinator Jonathan Eusebio, whose work includes \"Black Panther,\" the \"John Wick\" films, \"The Matrix Resurrections,\" and more, makes his feature film directorial debut in \"Love Hurts.\"
Paddington 'high jinx' is back in third movie: Bonneville
Paddington is back and he has lost none of his \"charm\" and \"high jinx,\" according to Hugh Bonneville who again guides the trouble-prone bear through the third film in the hit series.
THE LIFE LESSON THAT MADE QUINCY JONES A MUSIC LEGEND
I came across this story about Quincy Jones a few times. It was how he lived his life by an old adage that he learned from his father, Quincy Delight Jones Sr., a grandson of slaves. He told the young Q this: \"Once a task is just begun, never leave until it's done. Be the labor great or small, do it well or not at all.\"
CAN'T WAIT TO DECORATE!
Crate and Barrel suggests some shine and whimsy for Christmas.
AN ENCHANTING EVENING AT MAMA LOU'S
Guests were treated to an exquisite night during an intimate dinner hosted by the ever-charming Angie Sison at the newly-opened Mama Lou's Premio Ristorante, nestled in Alabang West Parade Mall, along Daang Hari Road in Las Piñas City.
THE BEAUTIFUL SCIENCE OF HAIR RESTORATION
The highly-anticipated Regenera Training Caravan held at One Shangri-La Place in Mandaluyong City was a resounding success, showcasing the expertise of Dr. Halah Tala from Dubai and our very own Dr. Corazon Almira Mella, and under the helm of the ultra-hardworking DMark Beauty Corporation CEO and beautypreneur Nikki Tang.
Kulangsu: FINDING THE AMOY-MANILA CONNECTION
Amoy: a city with close links to the annals of Manila's history. Today known as Xiamen, this vibrant, mid-sized coastal city in Fujian province has an enviable reputation as one of China's most livable cities.
More FTAs, exports diversification pushed after Trump win
The Philippines must continue efforts to enter into more free trade agreements (FTAs) and diversify exports to strengthen the economy's resilience amid returning US President Donald Trump's promise to slap tariffs on imported goods, according to the National Economic and Development Authority (NEDA).
