Department of Trade and Industry has reiterated that online barter trade is illegal, as it's against the tax law. The DTI will now look into online barter trade, as Trade Secretary Ramon Lopez said, "Diyan po umaaksyon naman po yung team, yung composite team ng DTI, at ng PNP, NBI." Additionally, Lopez discourages consumers from buying from unregistered sellers on social media, and only patronize sellers on major platforms such as Lazada, Shopee, and Zalora. Read more in our articles including "DTI eyes online barter traders, encourages businesses to register" and "BIR opens Tax Payer Portal".
Department of Trade and Industry has reiterated that online barter trade is illegal, as it's against the tax law. The DTI will now look into online barter trade, as Trade Secretary Ramon Lopez said, "Diyan po umaaksyon naman po yung team, yung composite team ng DTI, at ng PNP, NBI." Additionally, Lopez discourages consumers from buying from unregistered sellers on social media, and only patronize sellers on major platforms such as Lazada, Shopee, and Zalora.
Our coverage of Barter Trade Philippines includes: "DTI eyes online barter traders, encourages businesses to register"; "BIR opens Tax Payer Portal"; "DTI retracts plan to require permit when running online ads and promos". Each article provides unique insights and information.
Our article "DTI eyes online barter traders, encourages businesses to register" published on July 14, 2020 covers the latest information about Barter Trade Philippines. Check it out for the most current details.