Those who make money on digital platforms should "ensure that their businesses are registered pursuant to the... Tax Code, as amended, and that they are tax-compliant," the BIR said in a memo.
The memo covers "not only sellers/merchants, but also other stakeholders involved such as payment gateways, delivery channels, internet service providers, and other facilitators."
"All those who will register their business activity and/or update their registration status not later than July 31, 2020 shall not be imposed with penalty for late registration," said the BIR.
It also encouraged digital businessmen to "voluntarily declare their past transactions subject to pertinent taxes and pay taxes due thereon, without corresponding penalty."
Read the PDF file below for guidelines on the registration.
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