Palace: Online sellers earning below ₱250,000 won’t need to pay tax

Last updated on May 7th, 2021 at 05:45 am

MANILA – Malacañang on Thursday, claried that only online sellers earning above Php 250,000 will need to pay taxes, but all online business should still register their records with the Bureau of Internal Revenue.

“If your online business net income does not exceed P250,000, then you don’t have to pay.” Roque said.

“If your online business net income does not exceed P250,000, then you don’t have to pay.”

Roque

According to Presidential Spokesperson Harry Roque, backs BIR decision to require all online merchants to declare their profits from selling merchandise online. This also includes delivery platforms.

Online sellers must also find a way to issue receipts and invoice similar with physical store.

A surge of online selling activities were recorded as people finds a way to earn extra income amid the the COVID-19 lockdown. Acting Socioeconomic Planning Secretary Karl Kendrick Chua said that while existing tax laws also applies to online selling. There are also laws under the tax reform act that gives exemptions to businesses.

Referring to the Tax Reform for Acceleration and Inclusion Act, annual earnings less than ₱250,000 are tax exempt.

However, Roque admitted that the funds from Covid-19 are primarily from the collection of BIR and Customs hence the government are looking for ways to increase the tax intake. So far, the government have missed the tax collection targets for this year. Several lawmakers have suggested that instead of taxing the people, they should prioritized collecting tax dues of Philippine Offshore Gaming Operators or POGOs.

Jasmine C.

Mabuhay! An upcoming Newswriter for the Asian Affairs from the Pearl of the Orient - Philippines. Avid follower of celebrity gossips, fashion news. I got into writing so that my fellow Kababayan will be constantly updated with the latest news.

View Comments

Recent Posts

Johor-Singapore Special Economic Zone (SEZ) attracts new “queen bee” technology investors.

Johor-Singapore Special Economic Zone (JS-SEZ) is fast developing into an excellent destination of high-impact commitments to industries. Later in early…

January 29, 2026

Hpa-an and Pindaya Win 2026 ASEAN Clean Tourist City Awards

Myanmar's Hpa-an and Pindaya have clinched the prestigious ASEAN Clean Tourist City Awards for 2026, recognizing exemplary cleanliness, sustainability, and…

January 29, 2026

Vietnam Becomes World’s 3rd Largest Cassava Exporter, Shipping $1.3 Billion in Crops

Vietnam solidified its status as the world's third-largest cassava exporter in 2026, shipping crops worth approximately $1.3 billion—behind only Thailand…

January 29, 2026

MAS Keeps Singapore Dollar Policy Unchanged; Raises 2026 Inflation Forecasts

The Monetary Authority of Singapore (MAS) maintained its Singapore Dollar policy unchanged at its January 29, 2026 review, keeping the…

January 29, 2026

Elon Musk Announces the Retirement of Model S and Model X Production to Prioritize Humanoid Robotics

Elon Musk declared during Tesla's Q4 2025 earnings call on January 28, 2026, that Model S and Model X production…

January 29, 2026

New Trailer and Cast Revealed for Bridgerton Season 4; Upcoming K-Dramas for February 2026 Listed

Bridgerton Season 4 trailer dropped Christmas Day, unveiling Benedict Bridgerton's romance with Sophie Baek (Yerin Ha) at a masquerade ball,…

January 29, 2026

This website uses cookies.

Read More