Short answer: Whether you sell on Shopee, Lazada, TikTok Shop, or offer freelance services on Raket, Fiverr, or run a store through Instagram, Philippine law requires you to register your business and pay taxes on your income. Here’s what registration actually involves, why it matters, and how to get it… Read MoreDo You Need to Register an Online Business in the Philippines?
This is for Filipino online sellers and side hustlers who want to register their online business for BIR taxes with the minimum setup, without turning compliance into a second job. If you run an online business, there comes a moment when you can’t “diskarte” your way out anymore. Someone asks:… Read MoreHow to Register an Online Business for BIR Tax Purposes in the Philippines
Good news Online Sellers! According to RMC 79-2024, BIR is extending the deadlines for Online Sellers to register their business through BIR until October 12, 2024. With the deadline extension, here’s what you need to know to prepare for operating your business legitimately. Business Registration It’s important to understand that… Read MoreOnline Sellers Get Extra Time to Register for Taxes as BIR Extends Deadline (RMC 79-2024)
What do online businesses need to know about VAT? People have been buying more of their needs from online businesses because of their convenience. You can simply check out the offerings of different companies on the internet. You do not have to drive to a store to see them. However,… Read MoreWhat Online Businesses Need to Know About VAT
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