BAYOMBONG, Nueva Vizcaya: Online businesses may soon be required to pay taxes.
Bureau of Internal Revenue (BIR) officials in Region 2 plan to tap online businesses entrepreneurs as a new source of revenue.
“This is part of our tax sourcing program searching for new tax sources. How to monitor them is now being worked out,” said Marina De Guzman, BIR regional director for Cagayan Valley.
De Guzman said small online entrepreneurs may be excused in the meantime because “our priority are those who are engaged into large-scale business ventures in the World Wide Web.”
Aside from online business entrepreneurs, De Guzman said the zonal value of all properties of taxpayers in the region is being considered as a new tax source.
Tax collection in the region this year was dropped after big mining companies in Nueva Vizcaya started paying taxes directly to the bureau’s central office in Manila under the BIR’s new scheme of centralized payments.
Among the big mining companies are the Melbourne-based OceanaGold in Didipio village in Kasibu town and the British FCF Minerals Corporation in Runruno village in Quezon town.
She said the BIR Cagayan Valley and its district office in Nueva Vizcaya were the top tax collectors nationwide last year because of huge payments from OceanaGold, which extracts gold and copper, and FCF Minerals, which is about to extract gold and molybdenum deposits.