Philippines studying ways to track, and tax, online sales

A survey conducted by tech giant Amazon revealed that the Philippines has the highest percentage of e-commerce sellers in Southeast Asia by 70%

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MANILA, Philippines — The Duterte administration has ordered the taxman to study how other countries impose levies on digital transactions as the government seeks to cash in on an online selling craze fueled by the pandemic.

The Bureau of Internal Revenue (BIR) will form a unit that will track sales of goods and services online, the Department of Finance said in a statement on Tuesday.

BIR Commissioner Caesar Dulay said the bureau tapped its National Investigation Division to determine how this plan will be done. At the same time, the BIR will consult with their counterparts in Russia or Korea, to find out how to properly and effectively tax digital transactions. 

Full Story: https://www.philstar.com/business/2021/10/26/2136842/philippines-studying-ways-track-and-tax-online-sales