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Rising Tigers Magazine
The most distributed Business & Lifestyle Magazine in the Philippines.
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. attended the Senate budget hearing last August 27, 2024, which was presided over by Senator Grace Poe, Chairperson of the Committee on Finance. During the hearing, Commissioner Lumagui was congratulated by Senator Poe for the agency's remarkable achievement of reaching 91% in total tax returns filed electronically for the first half of the year.![]()
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"The men and women of the BIR are grateful to Senator Grace Poe for recognizing our efforts in digitalizing our services, particularly the filing of tax returns. Since 2022, the BIR has been consistent in creating a service-oriented culture amongst its ranks. As proof of our commitment to taxpayer service, we have achieved a 100% Nationwide ISO certification this 2024, the first government agency to do so. Our services are now up to par with international standards," Commissioner Lumagui stated.![]()
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From January to June of 2024, the BIR recorded a 91% share of electronically filed returns, with only 9% of returns filed manually. Approximately 12.25 million returns were filed during the said period, with 11.17 million filed online, and only 1.09 million filed manually.
Revenue Regulations No. 15-2024 Levels the Playing Field Between Brick-and-Mortar Stores and Online Businesses; E-marketplace Platforms, Online Sellers, and Content Creators Must Strictly Follow RR No. 15-2024![]()
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Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. has issued Revenue Regulations No. 15-2024 (RR No. 15-2024) that prescribes the policies of the BIR in relation to the registration of brick-and-mortar stores and online businesses. RR No. 15-2024 was issued for the purpose of levelling the playing field between physical stores and online stores by regulating them equally, and taxing them uniformly. ![]()
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Section 8 of RR No. 15-2024 provides that business operations may be suspended through the issuance of a Closure/Take Down Order against physical or online businesses. The closure of such business operations does not preclude the BIR from filing tax evasion cases under its Run After Tax Evaders program.![]()
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"We advise that E-marketplace Platforms, Online Sellers, and Content Creators should strictly follow RR No. 15-2024 as soon as possible. It is unfair to the retail industry or to sectors with brick-and-mortar stores, if online businesses are not regulated and taxed in the same manner. If physical stores can be closed down through a closure order, online businesses can be closed down through a takedown order," Commissioner Lumagui stated.![]()
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Section 11 of RR No. 15-2024 also provides that lessors, sub-lessors of commercial establishments/buildings/space, and operators of digital platforms, including e-marketplace platforms are required to ensure that all their lessees and online sellers or merchants are duly registered with the BIR. Failure to enact or strictly enforce internal mechanisms or rules to prohibit the non-registration of these lessees or online sellers shall be considered by the BIR as an act of aiding or abetting in the commission of the offense. ![]()
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"We will be monitoring digital platforms and e-marketplace platforms like Lazada, Shopee, and Tiktok to check if their online sellers and content creators are compliant with BIR registration. We will also monitor lessors and sub-lessors of commercial spaces like malls and buildings to check if their tenants are also compliant. Allowing lessees or online sellers/merchants to use to engage in business the premises or digital platform without BIR registration will be considered a violation of our tax laws," Commissioner Lumagui further stated.
Get a copy of pur September Issue at the booth of National Bookstore on September 11, 2024 at SMX Convention. #risingtigers #NationBuilders
Produced by TAG Media Group. Join us and some featured leaders that includes Engr. Grace Bondad Nicolas, Comelec Chairman George Erwin M. Garcia, Dr. Brian Poe Llamanzares and Cory Navarro for a book and magazine signing at the #nationalbookstore booth in Hall 3 during #MIBF2024! 2 PM – 3 PM on September 11, 2024 (Wednesday). ![]()
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Produced by TAG Media Group. Join us and some featured leaders that includes Engr. Grace Bondad Nicolas, Comelec Chairman George Erwin M. Garcia, Brian Poe Llamanzares and Cory Navarro for a book and magazine signing at the #nationalbookstore booth in Hall 3 during #MIBF2024! 2 PM – 3 PM on September 11, 2024 (Wednesday). ![]()
![]()
PLUS: Get their great reads like FEATURED BOOK TITLE at 10% OFF.![]()
![]()
🔗RSVP and get updates: bit.ly/nbs2024mibf![]()
🔗PRINT tickets for FREE ENTRANCE: bit.ly/nbs2024mibfticket2![]()
![]()
#MIBF2024 #GetLitatMIBF #SulitSaNBS