[Ask the Tax Whiz] Is the BIR only after top social media influencers?

Under Section 3 of RMC 97-2021, the term “social media influencers” includes all taxpayers – individuals or corporations – receiving income, in cash or in kind, from any social media site or platform (YouTube, Facebook, Instagram, Twitter, TikTok, Reddit, and Snapchat, among others) in exchange for services performed as bloggers, video bloggers or vloggers, or… Continue reading [Ask the Tax Whiz] Is the BIR only after top social media influencers?

BIR: Days of tax-evading social media influencers are numbered

MANILA, Philippines—The next trending “vlog” of your favorite social media influencer may showcase a court hearing or, worse, his or her jail cell if they will not pay their taxes, the Bureau of Internal Revenue (BIR) has warned. In a text message on Tuesday (Aug. 17), Internal Revenue Deputy Commissioner Arnel Guballa said the BIR… Continue reading BIR: Days of tax-evading social media influencers are numbered