(Revenue Memorandum Circular No. 75-2020, issued on July 29, 2020)
This Tax Alert is issued to inform all concerned on the extended deadline for registering online businesses and paying taxes on past transactions without penalty.
Under RMC No. 60-2020, all persons doing business and earning income in any manner or form, specifically those into digital transactions through the use of any electronic platforms and media, and other digital means, have been allowed to register their businesses and pay taxes on past transactions without penalty. From the previous deadline of July 31, 2020, such sellers are now given until August 31, 2020 to register and pay taxes.
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