Calling all bloggers, vloggers, influencers and other digital content creators: If you’re earning from ads, a recent memorandum is now requiring you to register to the Bureau of Internal Revenue (BIR).
As part of the Revenue Memorandum 60-2020, the bureau’s announcement details that those conducting business online are required to register not later than July 31. However, this doesn’t just count online sellers and the e-commerce industry. BIR’s Deputy Commissioner Arnel Guballa also included bloggers, filmmakers, content creators and other independent creative professionals among the list.
The memorandum identified those required to register:
Concerns were previously raised for the requirement’s possible effects to small-scale business owners. However, emerging creatives don’t have to fret. In keeping with the Department of Trade and Industry’s exemption, those earning below P250,000 a year won’t have to pay income tax.
For those thinking about jumping into the freelancing life, check out our guide to getting that sweet, sweet official receipt.
Read more:
The young freelancer’s guide to obtaining an Official Receipt
DTI says small businesses exempted from tax registration—and it’s what they deserve
I get paid to Instagram, but I don’t call myself an influencer
Art by Kloie Ledesma