Presidential Spokesperson Harry Roque has clarified that online businesses earning less than Php 250,000 yearly are exempted from paying taxes. This comes after the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular No. 60-2020 which reminds all persons conducting business through any forms of electronic media regarding their tax obligations and the registration of their business with the BIR.
See the withholding tax table below.
Read Revenue Memorandum Circular No. 60-2020 below.