Presidential Adviser for Entrepreneurship Joey Concepcion
MANILA – Presidential Adviser for Entrepreneurship Joey Concepcion is asking the government to delay business registration and collection of taxes from online sellers until next year.
In a webinar on Wednesday, Concepcion said the increase in online sellers during the quarantine period was due to the closing down of some business establishments and suspension of work or laying off of employees by some companies.
“Unfortunately, there is a clampdown on all of these people to register. And I am appealing to (the) government to just give them a couple of months since many of them are trying to be an entrepreneur,” he said.
He added the government can require the registration of online business owners by January 2021.
“Basically many of them are out of a job, trying to save money for the next meal, we should allow these people to continue and then be stricter later on,” Concepcion said.
On June 10, the Bureau of Internal Revenue (BIR) issued a memorandum requiring online business owners to register their activities and declare past transactions subject to pertinent taxes and then pay the taxes due thereon.
The next day, Presidential Spokesperson Harry Roque clarified that the government will only collect taxes to those online businesses with an annual net income lower than PHP250,000. (PNA)
