Online sellers tax seen boosting BIR revenues

Aug 03, 2024 12:27 am

THE imposition of withholding taxes on online vendors could boost the revenue collection of the Bureau of Internal Revenue (BIR) and allow the agency to hit next year's target.

'It will be easier for us [to attain the goal] if the online process goes well. We expect that there will be a lot of transactions online, and we've seen that while the Bureau of Internal Revenue's tax efficiency is improving,' Tax chief Romeo Lumagui Jr. told reporters at the sidelines of the bureau's 120th anniversary on Thursday.

Bureau of Internal Revenue

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