BIR to go after holiday bazaars, night markets

The Bureau of Internal Revenue (BIR) has warned it will go after stalls, tiangges, bazaars, and night markets this holiday season.

tiangge
Photo credit: gerrycho.blogspot.com
In a recent interview, BIR commissioner Kim Jacinto-Henares said these businesses should pay taxes properly as they profit more at this time of the year.

Under Revenue Regulations No. 16-2013, store organizers must submit a list of names and addresses of registered stall occupants. Registration fee is P500 for every tiangge shop, which may operate for not more than two weeks.

Withholding tax deductible on rental fees should be five percent.

The tax bureau chief reminded owners/proprietors of such businesses to register and to issue official receipts or invoices to their customers.

Revenue district officers nationwide, Henares added, have been ordered to submit a report on the matter.

* * * * * * * *

About the Author:

Ma. Ana Elizabeth Guazon used to work in a local radio station in Naga City as news writer, field reporter, and a primetime program anchor. After three years of working in a broadcasting company, she has become a freelance writer and co-owner of Tha Mind Pester, a blog for creative articles.