AMID a thriving digital economy in the country, the Bureau of Internal Revenue (BIR) has introduced a new regulatory measure that covers all persons engaged in business using digital platforms.
Revenue Regulations 15-2024, released on Aug. 15, 2024, stipulates that persons engaged in business, including brick-and-mortar stores and online businesses — whether selling goods, offering services, operating digital platforms, digital content creators or working as freelancers — are now mandated to register with the BIR. Failure to do so may result in administrative penalties and criminal liabilities.
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