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?" 

WE PAY OUR TAXES, BUT WE ARE FRUSTRATED BY HOW OUR TAXES ARE WASTED, ABUSED AND MISUSED.

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, http://ow.ly/6yEs30rRlxP

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?

Manny Pacquiao defeated by Yordenis Ugas

Wazzup Pilipinas!?

“The Olympian” overpowered “The Legend.” 

Manny Pacquiao suffers loss against Yordenis Ugas. Ugas is still the WBA welterweight super champion. 

Cuban boxer Ugas defended his WBA super welterweight title against Pacquiao at the T-Mobile Arena in Las Vegas. 

Ugas pulls of the career-defining upset over Pacquiao by unanimous decision.

 

It's not age. George Foreman was still able to beat Michael Moorer at 45, but Manny Pacquiao should definitely hang up his gloves. He's got nothing left to prove as his fame as a boxer is indeed legendary. 

Though as a politician, Pacquiao is now among the clowns in the Philippine government. 

But knowing majority of the Filipinos who are still blinded by popularity and fame (and money), they will ignore his incompetence and lack of qualification. So the Pacman may still land a position in government.

We do love our celebrities.

Being more of a politician than a boxer (0 laws passed, most absent at the Senate) we can't trust Manny Pacquiao anymore, these politicians will say and do anything just to get your vote and sympathy.

Remember that he once said he is retiring for good but he lied. So there might be another fight soon, maybe after the 2022 elections in the Philippines where he could fight against Ungas  (Duterte) for President or at least Vice President, maybe against somebody else...since he most probably is still an ally of the Duterte administration.

Duterte wants COA to "reconfigure" their audit reports

Wazzup Pilipinas!?

COA should advise the President not to interfere with their Constitutional duties.

Reconfigure? Advices? That is absurd. Also is that a warning to COA? This is the first time a president has addressed a government institution for doing its job accordingly. My God. Bakit naman ganun.. tsktsktsk.

He did not only say "reconfigure" COA reports but "huwag  paniwalaan".  Is the government going to abolish COA?

That statement alone makes him complicit to corruption. He should be impeached.

"An auditor will give a deadline for all submissions, then they will begin audit after the given deadline. What is audited is a complete report already, a complete audited report of WHAT WAS SUBMITTED. If the agency didn't submit everything, it's on them. 

Now there's what we call "Adjusted Audit". This is after the first audit, then the submission of the ones that didn't make the deadline.

BUT! Whatever the outcome of the adjustments,  TRUST with the agency will not be the same."

COA did a wonderful job in doing its mandate. Its their obligation to balance the liquidation the DOH made up to the single centavo with supported papers and documents such as receipts etc. Unavailability of such makes an agency liable on such transaction and makes doubt about the money involved. There are purchasing laws that should be followed and in a pandemic is not an excuse for it. Any findings the COA made is final and being an independent body, the executive branch have no powers to control it nor its findings.

Reconfigure meaning amend or change stating na walang corruption.. Mr. President, COA has already issued the statement that their report does not state any proven corruption. It's up to the govt agency to clear up its records  and documents. You are afraid of the backlash of the people this coming election, which I think only speaks the kind of your leadership.. You cannot save the cabinet secretaries for their incompetence by shooting the messenger.. all you have to do instead is to instruct the heads to comply rather than pushed COA to the side.. Actually, you ignored COA in your strategic moves.. You successfully managed to replace the head of independent bodies like the SC and Comelec but underestimated COA. You have maligned CHR making the agency irrelevant. Now you are doing a damage control at this critical times when nobody is listening to you anymore and people have seen how you siphoned the coffers of the govt to the benefit of your corrupt allies and Durian group.. its too late Mr. President to destroy COA.. You will loose this propaganda battle.. and we will see if you will loose the 2022 war.