Podcast
Questions and Answers
What is the purpose of the tax collection plan for online sellers announced by the Bureau of Internal Revenue (BIR)?
What is the purpose of the tax collection plan for online sellers announced by the Bureau of Internal Revenue (BIR)?
- To implement a new type of tax
- To discourage online selling
- To ensure that taxes due to the government are paid (correct)
- To contribute to the local economy
According to the Revenue Regulation No. 16-2023, what will electronic marketplaces like Lazada be mandated to do?
According to the Revenue Regulation No. 16-2023, what will electronic marketplaces like Lazada be mandated to do?
- Charge a 1% transaction fee to online sellers
- Deduct 1% withholding tax from half of the seller's total gross remittances and remit it to the BIR (correct)
- Waive all taxes for online sellers
- Submit tax reports to the BIR without deductions
Why are all businesses in the Philippines generally required to pay taxes?
Why are all businesses in the Philippines generally required to pay taxes?
- To discourage entrepreneurship
- To contribute to the local economy
- To comply with legal requirements and contribute to government revenue (correct)
- To benefit from government subsidies
What is the tax rate that Lazada will be deducting from half of the online seller's total gross remittances?
What is the tax rate that Lazada will be deducting from half of the online seller's total gross remittances?
What does 'gross remittances' refer to according to the Revenue Regulation No. 16-2023?
What does 'gross remittances' refer to according to the Revenue Regulation No. 16-2023?
Who is exempted from the 1% withholding tax according to the Lazada tax policy?
Who is exempted from the 1% withholding tax according to the Lazada tax policy?
What does gross remittance in Lazada-speak exclude?
What does gross remittance in Lazada-speak exclude?
How often will the 1% effective withholding tax be charged on gross remittances?
How often will the 1% effective withholding tax be charged on gross remittances?
What will happen if a seller's total gross remittances for the previous full year has not exceeded PHP 500,000.00?
What will happen if a seller's total gross remittances for the previous full year has not exceeded PHP 500,000.00?
What are the fees that will continue to be charged only if the seller joins the program, following the program mechanics?
What are the fees that will continue to be charged only if the seller joins the program, following the program mechanics?
What is the main goal of the VKAM escalation process flow?
What is the main goal of the VKAM escalation process flow?
In the Service Management section, which of the following is NOT listed as an Operation Issue Scope?
In the Service Management section, which of the following is NOT listed as an Operation Issue Scope?
What is the protocol that VKAMs should NOT follow for PSC concerns?
What is the protocol that VKAMs should NOT follow for PSC concerns?
