#Tax social media influencer

The New BIR chief eyes on checking the lifestyle of social media influencers and other professionals to beef up collection amid the ballooning debt of the country. The reminder of the BIR for influencers and other professionals in the digital space to pay their taxes, started in 2020 when calls on Online Sellers to register their businesses and gave them until July 31, 2020, and the following week they’ve also reminded bloggers, filmmakers, content creators to register as a business entity. Read: BIR outs Memo on Tax for Social Media Influencers A new memo dated August 16, 2021, is issued as a reminder to BIR officers and to clarify the proper taxation for social media influencers. A new social media platform called ZOOP is set to launch globally this April. A United Nations-backed report released on Thursday said heavy social media use is linked to lower wellbeing among young people in several countries, while Finland remains the happiest country in the world for the ninth year in a row. The report also showed that the effects of social media are mixed. Experts said the impact depends on how social media is used, the platform, and personal factors like gender and income. A new bill filed in the Philippine House of Representatives seeks to ban people under 16 years old from using social media platforms. Read more in our articles including "New BIR chief plans lifestyle checks on social media influencers" and "Social media platform ZOOP to launch globally".