BIR, iniimbistegahan ang “couple” na kumita ng P50M-100M sa vlogging; dinilete umano ang channel dahil sa tax
- The Bureau of Internal Revenue revealed it is currently investigating a “couple” who the agency claimed has been earning between P50 million to P100 million pesos from vlogging
- The agency also revealed that said income is the result of their past two years of vlogging operations
- The said couple, however, deleted their channel allegedly to avoid paying taxes
- The government agency did not name the couple though the agency recently issued a notice to vloggers and social media influencers that BIR will now run after them
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The Bureau of Internal Revenue (BIR) has revealed it has started investigating a “couple” who the agency alleged to have been raking in between P50 to P100 million pesos from vlogging.
Source: UGC
According to the agency, the said amount is the product of the “couple’s” vlogging for the past two years.
This allowed the said “couple” to acquire luxury vehicles and also build their own mansion situated in Metro Manila.
According to BIR sources, the said “couple” deleted their social media channel just a couple of days after Caesar R. Dulay, the BIR Commissioner, put out an announcement that the government agency will run after vloggers and social media influencers.
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BIR officials also revealed that the unnamed “couple” had over 11 million subscribers on their social media channel.
The agency declined to name the “couple’s” channel or platform pending the result of their investigation.
Officials said that even if the “couple” have deleted their social media channel, the agency can still run after them as taking down their channel is not a valid reason that will excuse them from paying their tax dues.
Commissioner Dulay, in a statement to the press, said that these influencers were earning huge amounts of money from different social media platforms like Facebook and YouTube.
Dulay said that the agency is duty-bound to compel these personalities to pay their tax dues.
Vloggers are considered self-employed individuals and are subject to 12% VAT if their yearly income is P3 million or more.
If they are earning more than P250,000 but less than P3 million pesos every year, they will be subject to 8% tax. On the other hand, vloggers who earn around P250,000 and below are exempted.
The BIR Commissioner told vloggers to make proper income tax declarations to avoid being charged by tax evasion.
The Bureau of Internal Revenue (BIR) is the revenue collection agency of the Republic of the Philippines. It is under the Department of Finance and is tasked with collecting more than 50% of the total revenues of the government. BIR also has the power to forfeit, penalize, fine, and file charges against those the agency finds in violation of the Tax Code of the Philippines.
Are you a Filipino employee or business owner who needs to update your tax registration details? BIR 1905 Form is an essential document for such a process. You must fill the form if you need to update, correct or cancel your tax registration information in a specific Revenue District Office.
Tax Identification Number is an essential document that every Filipino taxpayer should strive to possess. The document serves as proof of membership of the Bureau of Internal Revenue (BIR) and as a valid ID. Now that it is a crucial requirement for any government-related transactions, everyone has no choice but to learn how to get TIN ID.
Source: KAMI.com.gh
