THE Bureau of Internal Revenue (BIR) has reminded online platforms to monitor the tax compliance of online vape sellers in their respective platforms.
In a statement yesterday, BIR Commissioner Romeo Lumagui Jr. said online platforms should only allow duly registered online sellers with the BIR to sell vape online. The tax agency said it is monitoring both online platforms and brick-and-mortar stores that are selling vape products for possible violations of BIR regulations on vape products.
“Online platforms should monitor vape sellers in their platforms, they should check if they are complying with tax stamps, minimum floor price and other BIR requirements. They should take down any online post or offering that is in direct violation of the minimum floor price, tax stamps and other BIR regulations on vape,” Lumagui said.
“We have been receiving reports that online sellers of vape are actively selling their products at a low price because they are not paying their taxes. These online sellers of illicit vape destroy the livelihood of legitimate vape sellers. The BIR protects legitimate businesses and closes illegitimate businesses. Online platforms should do the same,” he added.
