"People have to perceive that the tax system is fair, so they’re willing to pay," Finance Sec. Benjamin Diokno said during his weekly press briefing on July 28, 2023. DOF/ File photo
“It’s not only increasing tax revenues, it's a matter of fairness. A good tax system should be fair. That should be one of the characteristics of a good tax system, fairness,” Diokno told reporters at his weekly press chat. Early this year, the BIR proposed to impose a creditable withholding tax of 1% on one-half of the gross remittances of online platform providers to their partner sellers or merchants.
“The proposal is a creditable withholding tax. So it’s not really a new tax. It’s just a mode of collecting,” BIR Commissioner Romeo Lumagui Jr. said in May.may start in the fourth quarter of this year.