The United Filipino Consumers and Commuters (UFCC) asked that the Bureau of Internal Revenue (BIR) reconsider its plan to impose a 1% creditable withholding tax on online sellers.
“At a time when the country has yet to recover from the crippling effects of the COVID-19 pandemic fully, introducing new taxes that will ultimately hurt the poor is the last thing the country needs right now,” UFCC President RJ Javellana said in a statement.
BIR Withholding Tax Plan on Online Sellers
The BIR obliged online sellers to declare their income from goods and services for tax purposes after a rise in online sales transactions. Additionally, it is looking to impose a creditable withholding tax of 1% on one-half of gross remittances of online platform providers.
“We are concerned that the plan to have the new 1% withholding tax will be the beginning of more taxes to be imposed upon the already suffering public. It has already been reported that the Department of Finance (DOF) plans to introduce new and higher taxes in 2024,” Javellana added.
The consumer group also called on President Marcos to be on the side of ordinary Filipinos and online selling and services platform providers to be the voice of their partner sellers and merchants.
Ram found his love and appreciation for writing in 2015 having started in the gaming and esports sphere for GG Network. He would then transition to focus more on the world of tech which has also began his journey into learning more about this world. That said though, he still has the mentality of "as long as it works" for his personal gadgets.
