- Retail industry in the Philippines calls for equal taxation of international online sellers compared to physical stores
- Philippine Retailers Association President advocates for VAT on online transactions to generate more revenue for the government
- Concerns raised about the unfair advantage online sellers have over brick-and-mortar retailers in terms of taxation
- Bureau of Internal Revenue has started collecting a 1% withholding tax on online platforms and sellers
- Calls for online Chinese retailers to be subjected to the same conditions as local retailers in terms of taxation, duties, and consumer protection
- Philippine Chamber of Commerce and Industry supports monitoring and proper taxation of e-commerce sellers to level the playing field
- Projected growth of the Philippine digital economy, with a significant portion expected to come from e-commerce transactions
Source: bworldonline.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
