It is important to know the rules and regulations that may affect the online business especially its tax obligations. RMC 55-2013 identifies the common types of online business transactions in the Philippines primarily online shopping or online retailing and online intermediary service. • Online shopping or online retailing — the consumers directly buy goods or services from an online seller through an e-commerce portal or virtual shops. • Online intermediary service — the intermediary is a third party that liaises between two trading parties. As the trend in online business transactions continues to expand, the BIR will surely scrutinize and monitor the compliance of these businesses to ensure proper collection of taxes from profits gained in the conduct of online business transactions.

Source: Manila Times May 18, 2021 16:18 UTC