Post
Topic
Board Pilipinas
Merits 3 from 3 users
Topic OP
Online transactions and house bill #6765
by
maxreish
on 24/05/2020, 03:50:25 UTC
⭐ Merited by Nellayar (1) ,cryptoaddictchie (1) ,mk4 (1)
I just saw this one news sa television. In this new era, marami na ngang gumagamit ng online transactions, mapa bills payment man, loading and banking transactions, etc. Even some of those businesses ay gumagamit na din ng online subscriptions and payments.









Quote
House ways and means committee chair and Albay Rep. Joey Salceda is pushing for taxation on digital services—specifically, subscriptions to video and music streaming apps, ads on social media sites, and making online sales platforms as withholding tax agents—to offset an estimated P120 billion in foregone revenues once the government cuts corporate income taxes to 25 percent to soothe the pain inflicted by COVID-19 on businesses.

Naiintindihan ko din naman ang magandang layunin ni Albay Rep. Salceda kung ito ay for the good cause para sa COVID. But then iniisip ko din, aside pa sa transaction fees ay mayroon pa tayong tax na babayaran if ever.

What is you opinion regarding this?

Code:
Reference:
https://business.inquirer.net/297571/salceda-wants-additional-tax-on-digital-services-like-netflix-lazada-fb-ads/amp