By GMA News
The Bureau of Internal Revenue (BIR) is targeting to collect a creditable withholding tax of 1% from the partner-merchants of online platforms by the fourth quarter of 2023.
Early this year, the BIR proposed to impose a creditable withholding tax of 1% on one-half of the gross remittances of online platform providers to their partner sellers or merchants.
The taxman had defended the proposal saying it is not a new tax and its collection is within existing laws.
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