Sunday, August 22, 2021

BIR releases order to tax any income received by social media influencers

Wazzup Pilipinas!?

BIR released a new order concerning online influencers:

"To enhance tax compliance and eventually, increase tax revenues, concerned BIR offices are advised to conduct a FULL-BLOWN TAX INVESTIGATION against social media influencers residing and/or registered within their respective jurisdiction."

Also, please take note that this also covers creators and brand ambassadors doing ex-deals.  So kahit tumatanggap ka lang ng product for review or unboxing and you'll keep it, it is taxable. Para sa ex-deals kailangan mong ilagay yung monetary value nung product.

Not sure how they'll implement it effectively.  And if tama pagkakaintindi ko, this part affects everyone even if you're not earning 250k annually.  And this is not limited to video content, this covers photos and posts as well.  

Please read if you have the time (link is below this article). You may be breaking the law without you knowing it.

The basic principle in taxation is, anything derived as  income is taxable, lumang batas na yan.. However, merong tax exempt, not sure on the updated one, as long as you don't reach above 250k  yata on annual revenue, then you're tax exempted.

And regardless if you need to pay (if it was not deducted by YouTube) then you still have to file, meron pong forms yan and you can download it from BIR website pati submission andun na din so you don't need to go to your BIR office.

Double taxation or more pa nga grabe. US tax, PH tax, bank charges, tapos kapag ginastos mo na ay tax ulit. Parang nakakaloko lang kapag maisip mo.

As of the moment, 42.5k pa lang po YouTube subscribers ko, BIR.

Obviously not earning as much as those with millions of subscribers and a significant number of views. 

Baka naman pwede ng huwag magpa register...hehehe

Pero pwede rin basta wala na si Duterte sa gobyerno, much better ay itapon nyo na sa China kasama nila Roque, Duque, Bong Go, and the rest of his family and minions appointed at government agencies.

Kapag nariyan pa rin sila, malamang sa bulsa lang nila mapupunta mga koleksyon ng BIR

Hindi yan masyado maiimplement.. For big Youtube creators possible ... pero sa mga small at smaller Youtube creators possible hindi na nila pagsasayangan ng oras...

Paano yung mga social media influencers na mga banyaga na nagba-vlog sa Pilipinas, kasali din ba sila sa memorandum na iyan?

Pati yung ABS-CBN Entertainment at GMA-7 affiliated channels nila sa YouTube ay mabubuwisan din ba?

It's crazy how the government imposes taxes on everyone else other than the "rich people" who are under their wings, or the other way round.  I'm praying for a righteous government on 2022. Fuck the Duterte administration.

"Dapat sabihin din na bago tayo tax-an, ayusin muna ng gobyerno ang paggamit ng tax?" 


Mas kalat ang news about corruption in the government and the senseless use of taxpayer's money to fund unnecessary projects like the Dolomite beach. Pero walang nakakasuhan kundi abswelto pa nga, yung iba promoted pa or just transferred/recycled into other positions. 

Then malalaman mo na nananalo mga bugok at useless as senators, congressmen, governor, mayor, etc. Yung mga appointed officials sa mga government agencies are mostly retired generals or friendship nung diktador na Presidente na walang ginawa kundi sisihin ang iba sa kapalpakan niya. The members of the IATF are the same inutil at walang common sense decision makers.

We won't complain if we are satisfied. We will be happy to comply if this government cleans itself from the top all the way down. 

Yung COA na nga lang ang parang may guts para ilabas ang tunay na nangyayari pero hinahadlangan pa at kinakastigo ng gobyernong ito na pilit may itinatago at naglilihim sa taongbayan.

Revenue Memorandum Circular No. 97-2021

Taxation of Any Income Received by Social Media Influencers. For full text,

Hindi pa ba sapat yung mga kickback ng mga na-flag ng COA na government agencies?  They should learn how to moderate their greed.

Sana merong option to stop paying taxes while this whole issue of misused funds is still being sorted out. 

Or we should have an option where our taxes will go. Yung sa akin siguro sa OVP, COA, at doon sa matitinong mayor like Vico of Pasig city.

Medyo ang sakit kasi magbayad knowing na nagkakanakawan lang eh no?

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