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Topic: Online transactions and house bill #6765 - page 2. (Read 250 times)

hero member
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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.

@OP and para na din sa ibang miyembro na makakabasa nito just a point of clarification lang, hindi sa atin ipapataw yung bagong mga tax na ito kung hindi sa mga sebisyo katulad ng Netflix at Spotify sa kanilang mga subscription based income at para sa Google, Facebook, at Twitter para sa kanilang mga ad revenue na hanggang ngayon walang tax na nakukha. Considering that all of these ay international company malaking yung kinikita nila sa atin pero walang kinikita yung bansa natin sakanila, yung punto lang naman ni Joey Salceda dito since na mababawasan yung corporate tax from 30% magiging 25% ay naghahanap sila ngayon ng bagong paraan para magkaroon ng tax yung mga malalaking kumpanya na ito.


clicking the images will direct you to the House Bill 6765's pdf file

Under the measure, digital advertising by Google and social media giant Facebook, as well as subscription-based services like Netflix and Spotify will be subject to value added tax.

Salceda noted that companies which offer streaming services do not pay taxes, while Google and Facebook are not subject to any VAT for advertising.

No new taxes here, we just want them to pay their fair share,” he said in a statement.

Inu-ulit ko lang ang tax na ito ay para sa mga kumpanya na nabanggit sa house bill for their digitized businesses and the proposed taxes sa bill ay hindi apektado ang mga users ng mga services na ito which I think is a good thing for us, right? I mean Facebook, Twitter, Instagram, and maybe even Snapchat will all be paying taxes, di nalang sila yung palaging kikita sa atin dahil tayo ang "product" ng mga social media websites na ito these companies don't have any offices in the Philippines pero they profit from us sa tingin ko yung tax na ito ay magbabago nun.
full member
Activity: 868
Merit: 185
Roobet supporter and player!
The current problem of the Philippines right now is where the government withdraw a budget to sustain everyday life of the citizen.

Imagine, almost 2 months since the lockdown was announced. Our economy falling down by 2% see here because of pandemic. And due to the lockdown, the production of goods and services slide down as well. Therefore, where will the government withdraw the budget to fight COVID-19 and enable us to sustain when it comes in health and necessities?

It might help our economy to atleast lessen the exhaustion. Nasira na ang budgeting ng Pilipinas at kailangan ng humugot ng pondo.



Besides, we need to have tax also for these ads and online service because we are earning here. Assuming na mataas ang bayad for transaction fees plus tax, it will really burden the seller/buyer. But then, isipin natin sa tinagal tagal ng panahon na wala itong tax, nasulit naman din ata ng iba.



Medyo misleading yung ibang info na nabasa ko, nahilo tuloy ako kung mismong tao na gumagamit ng platform like fb online sellers ang papatawan ng tax o yung mismong platform na nagrarun ng mga ads services and etc.

Btw, nice thread OP. Wala kaming load sa tv kaya kung di mo ito naopen, di ko mababa mga articles.
sr. member
Activity: 1330
Merit: 326
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?

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