Archives: Tax

Commission on Audit flags ‘overpriced’ PhilHealth IT project

August 5, 2020 by onlineph | Comments Off on Commission on Audit flags ‘overpriced’ PhilHealth IT project | Filed in Business, Government, Health, Internet, Tax, Technology
philhealth-laptop

An officer of the Philippine Health Insurance Corporation has revealed that the head of the state-run agency and its high-ranking officials had an authorization on the approval of purchasing overpriced IT equipment and software.

During the Senate’s investigation yesterday, Philhealth board member Alejandro Cabading said on his testimony that the firms’ President and CEO Ricardo Morales had a hand on endorsing the questionable budget even though the Department of Information and Communications Technology (DICT) did not give consent since most of the items were redundant and the amount they approve reach up to 400%. Readmore

Shopping online? House Panel okays 12% VAT on digital service providers

July 31, 2020 by onlineph | Comments Off on Shopping online? House Panel okays 12% VAT on digital service providers | Filed in Government, Internet, Tax, Technology
digital service providers

Shopping online and watching your favorite shows on Netflix will be pricier soon as the House Committee on Ways and Means approves the bill seeking to charge 12% Value Added Tax (VAT) on several local and foreign companies that provide goods thru digital platforms such as Lazada, Shopee, Zalora, and Spotify among others. Readmore

BIR now requires digital businesses and online sellers to pay their taxes

June 11, 2020 by onlineph | Comments Off on BIR now requires digital businesses and online sellers to pay their taxes | Filed in Business, Government, Internet, Public Service, Tax
bir tax online

The Bureau of Internal Revenue (BIR) has instructed the online sellers and other electronic-trading businesses to record their past operations, declare previous activities, and liquidate their corresponding taxes before the end of July to guarantee tax compliance and for taxation purposes.

This is the government’s effort to raise more funds as the Philippines is suffering from an economic downturn since the novel coronavirus occurred. Readmore