BIR will investigate an initial 250 top-earning social media influencers

The Bureau of Internal Revenue (BIR) intends to investigate an initial list of 250 social media influencers to determine whether or not they have been paying their taxes.

In a report to Finance Secretary Carlos Dominguez III, the BIR stated that Letters of Authority (LOAs) to conduct the probe had already been provided to social media influencers deemed to be “high earners” in their profession.

According to the BIR, social media influencers who receive money through digital platform posts are classed as self-employed individuals or as sole proprietors engaged in trade or business. Their earnings are classified as business revenue.

“We urge them to register, and then we profile over 250 individuals. We will investigate so that they pay the requisite equivalent tax on their earnings,” BIR Deputy Commissioner Arnel Guballa stated in his report to Dominguez at a recent Department of Finance (DOF) executive committee (Execom) meeting.

According to RMC 97-2021, social media influencers must pay income tax and percentage tax, as well as value-added tax (VAT) if applicable, as required by the National Internal Revenue Code (NIRC) and other existing legislation.

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