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The Bureau of Internal Revenue (BIR) in the Philippines has proposed a new regulation that would require online platform providers to impose a creditable withholding tax on their partner merchants. Experts believe that this move will enhance tax compliance. The withholding tax system acts as a control mechanism to ensure that all income earned by individuals or businesses is properly taxed. By mandating online platform providers to withhold and remit taxes, the BIR aims to compel online sellers
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