The Bureau of Internal Revenue (BIR) has recently released the Revenue Memorandum 60-2020, requiring those conducting businesses through the use of any electronic platforms, media, and other digital means to register to the BIR. 60-2020, which entails the obligations of persons conducting business transactions electronically. Under the RM 60-2020, those conducting businesses through the use of any electronic platforms, media, and other digital means: Should be registered to the BIR Issue registered Sales Invoice or Official Receipt for every sale of goods or services. Read more in our articles including "BIR requires bloggers, filmmakers, content creators earning from digital ads to register" and "BIR orders Online Sellers to register their businesses before July 31".
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Sep 3, 2019The Bureau of Internal Revenue (BIR) has recently released the Revenue Memorandum 60-2020, requiring those conducting businesses through the use of any electronic platforms, media, and other digital means to register to the BIR. 60-2020, which entails the obligations of persons conducting business transactions electronically.
Under the RM 60-2020, those conducting businesses through the use of any electronic platforms, media, and other digital means: Should be registered to the BIR Issue registered Sales Invoice or Official Receipt for every sale of goods or services.
Our coverage of RM 60-2020 includes: "BIR requires bloggers, filmmakers, content creators earning from digital ads to register"; "BIR orders Online Sellers to register their businesses before July 31"; "The biggest changes are coming to Android Auto". Each article provides unique insights and information.