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BIR expecting to collect billions from online sellers with withholding tax

August 9, 2024August 2, 2024carlocarrasco

With the 1% withholding tax on online sellers already in effect, Bureau of Internal Revenue (BIR) expects to collect billions of Pesos from the said sellers although they could not give an estimate on how much could be collected, according to a GMA Network news report.

To put things in perspective, posted below is an excerpt from the GMA news report. Some parts in boldface…

The Bureau of Internal Revenue (BIR) is expecting to collect billions of pesos in taxes from the growing e-marketplace industry after it subjected online sellers under the withholding tax system.

“Itong withholding tax on online transactions, dahil effective na ‘yan, inaasahan natin na malaki rin ang maitutulong nito,” BIR Commissioner Romeo Lumagui Jr. told reporters at the sidelines of the agency’s 120th anniversary celebration in Pasay City on Thursday.

(The withholding tax on online transactions, since this has been effective, we expect it could help immensely.)

Lumagui said the BIR cannot yet give an estimate how much it can collect from imposing withholding tax on online sellers.

“But, we’re expecting that ‘yung revenues natin diyan would be in the billions,” he said.

The BIR’s plan to impose withholding tax to merchants in e-marketplaces took effect on July 15, 2024.

Under its Revenue Regulation (RR) No. 16-2023, one-half of the gross remittances of e-marketplace operations and digital financial services providers to the sellers or merchants for goods or services paid through their platform shall be subject to a 1% creditable withholding tax.

The BIR, however, said the 1% withholding tax shall not be collected “if the annual total gross remittances to an online seller for the past taxable year has not exceeded P500,000” and “if the cumulative gross remittances to an online seller in a taxable year has not yet exceeded P500,000.”

The withholding tax is the amount withheld by a business in payments of goods or services directly remitted to the government on behalf of suppliers or employees.

The BIR defines “gross remittances” as the total amount received by an e-marketplace operator or digital financial services provider from a buyer or consumer for the goods and services sold by or paid to the seller or merchant through the platform of the e-marketplace operator.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think the 1% withholding tax on online sellers will help the BIR collect tens of billions of Pesos more by the end of this year?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Arrest warrant against suspended Bamban mayor Alice Guo anticipated

August 9, 2024August 7, 2024carlocarrasco

A warrant of arrest against suspended Bamban mayor Alice Guo is expected to be issued as the human trafficking case was submitted for resolution by the Department of Justice (DOJ) which is related with her non-participation in recent investigations, according to a Philippine News Agency (PNA) news article. It should be remembered that Guo’s fingerprints matched those who Guo Hua Ping.

To put things in perspective, posted below is an excerpt from the PNA news article. Some parts in boldface…

A senator is expecting that a warrant of arrest will soon be issued against suspended Bamban, Tarlac mayor Alice Guo after her human trafficking case was submitted for resolution by the Department of Justice (DOJ) following her non-appearance in the preliminary investigations.

Being submitted for resolution, the case will now be decided by prosecutors on whether to lodge it before the courts on the basis solely of the complainant’s allegations, according to the DOJ.

“Since she did not personally show up nor file her counter affidavit, she will mostly like be liable for human trafficking which is a non-bailable offense,” Senator Sherwin Gatchalian told reporters in a Viber message.

“A warrant of arrest will ensue on this particular case,” he added.

Gatchalian earlier advised Guo to appear and address the various cases against her, including human trafficking, birth certificate cancellation, and disobedience to summons.

The Senate issued an arrest order against Guo last July 11 after failing to attend two hearings related to the Philippine Offshore Gaming Operators (POGO) hub raided in her municipality before the Committee on Women, Children, Family Relations and Gender Equality.

She also failed to attend the three hearings on the human trafficking cases filed before the DOJ.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think the anticipated issuance of the warrant of arrest will compel suspended mayor Guo to come out from hiding and turn herself in? Do you wish that the warrant of arrest will be issued within the next two weeks?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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POGO Ban would help expedite Philippines’ exit from global financial watchdog’s “gray list” related to money laundering

August 8, 2024July 30, 2024carlocarrasco

In relation to helping the Philippines recover from the many negative effects caused by Philippine offshore gaming operators (POGOs), the declared nationwide ban on POGOs will help expedite the nation’s exit from the “gray list” of a global financial watchdog that has been monitoring jurisdictions for money laundering risks, according to a BusinessWorld news report.

To put things in perspective, posted below is an excerpt from the BusinessWorld news report. Some parts in boldface…

THE RECENT BAN on Philippine offshore gaming operators (POGO) would help expedite the country’s exit from a global financial watchdog’s “gray list” of jurisdictions under increased monitoring for money laundering risks, the central bank governor said.

“With the POGO ban, we do see a drop in money laundering, which should help us exit the gray list,” Bangko Sentral ng Pilipinas (BPS) Governor Eli M. Remolona, Jr. told BusinessWorld in a text message.

Last week, President Ferdinand R. Marcos, Jr. ordered a total ban on all offshore gaming operations due to their ties to illicit activities such as financial scams, money laundering, prostitution and human trafficking.

Mr. Marcos directed the Philippine Amusement and Gaming Corp. (PAGCOR) to shutter all POGO facilities by the end of the year.

This comes after the Financial Action Task Force (FATF) in June kept the Philippines in its gray list for a third straight year.

The global watchdog said the country still needs to address three remaining action items, one of which is “demonstrating that supervisors are using anti-money laundering and counterfinancing of terrorism (AML/CFT) controls to mitigate risks associated with casino junkets.”

Mr. Remolona earlier said the Philippines would likely exit the gray list by next year as it still needs to address the remaining deficiencies cited by the FATF.

From 2018 to 2023, the Philippines was among the top five countries in Southeast Asia with money laundering activities added over the five-year period, earlier data from Moody’s showed.

The number of money laundering events added in the Philippines jumped by 45% from 2022 to 2023, it said.

Chester B. Cabalza, founding president of Manila-based International Development and Security Cooperation, said Mr. Marcos’ order to ban POGOs would encourage more “legitimate” investments to enter into the country.

“With the expected ban, the Philippines may be relieved with the gray list tag and re-strategize for fulfilling more legal and moral entertainment investments for the inclusive growth of the country,” he said via Facebook Messenger.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think improvements will be realized gradually over the next twelve months with the ban on POGOs in effect? Do you think that money laundering and crime related to POGOs will go down sharply?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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More than 5 million voters’ names removed from official list by COMELEC

August 8, 2024July 30, 2024carlocarrasco

Even as millions of voters got registered recently with the Commission on Elections (COMELEC) for the 2025 National and Local Elections, there are already over five million voters whose names were removed from the official list of registered voters, according to a GMA Network news report.

To put things in perspective, posted below is an excerpt from the GMA news report. Some parts in boldface…

Some 5.1 million names were removed from the Commission on Election’s (Comelec) official list of registered voters for the 2025 national and local elections (NLE), the poll body said Tuesday.

Comelec Chairperson George Erwin Garcia said a total of 5,105,191 registered voters were deactivated from the official list while 248,972 names were deleted.

“‘(Those) deleted [were] because of death [and] multiple and double registration,” Garcia told reporters in a Viber message.

Reasons for the delisting were failure to vote in two successive preceding regular elections, by court order, loss of Filipino citizenship, and having non-valid documents.

Meanwhile, Garcia said the poll body received a total of 409,329 applications for reactivation from February 12 to July 20.

Last May, the Comelec said 4.2 million names were removed from its official list of voters, mostly from Calabarzon. Meanwhile, 4.6 million voters registered for the 2025 NLE, the poll body said last week.

The voter registration period for the May 2025 midterm polls started on Feb. 12, and will end on Sept. 30.

Let me end this piece by asking you readers: What is your reaction to this recent development? Are you concerned that the high number of delisted voters could impact the 2025 National and Local Elections somehow?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Muntinlupa City Government officially denies release of P1,000 for elderly locals aged 70-79

August 8, 2024August 7, 2024carlocarrasco

In the City of Muntinlupa, the City Government issued an official denial in response to the circulating information that local senior citizens aged 70 to 79-years-old will be receiving P1,000 each from the local authorities, according to a GMA Network news report.

To put things in perspective, posted below is an excerpt from the GMA news report. Some parts in boldface…

The local government of Muntinlupa City on Tuesday warned the public that it is not distributing P1,000 birthday cash gifts to residents who are 70 to 79 years old.

The city government noted that it is just currently doing surveys among its elderly residents to organize the city’s database.

“Kung mayroon man pong kumuha ng inyong impormasyon, ito ay para ito sa validation ng datos ng ating senior citizens. Gusto po nating maayos ang database at tama ang impormasyon na basehan ng mga programa ng lungsod,” the statement read.

(If anyone is asking for your information, this is only for the validation of our data on senior citizens. We just want to organize our database and make sure that we have the right information for the city’s programs.)

The city encouraged its residents to report any suspicious messages to the Philippine National Police Anti-Cybercrime Group: (02) 8723 0401 (loc. 7491), 0968-8674302 (Smart), 0967-1360322 (Globe), and 0992-9893889 (DITO).

Further, the city government advised that senior citizens may reach out to the Office for Senior Citizen’s Affairs at the Bayanan Baywalk or the satellite office at South Park Center.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, do you think that more has to be done to push back against misinformation and the spread of fake news?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Over 300 senior citizens vaccinated for pneumonia in Barangay Talon Uno, Las Piñas City

August 7, 2024July 29, 2024carlocarrasco

Recently in the City of Las Piñas, more than three hundred senior citizens availed the free vaccine shots for pneumonia during the City Health Office’s vaccination drive held at Barangay Talon Uno, the City Government confirmed via social media. Vice Mayor Aprl Aguilar was present during the health activity.

To put things in perspective, posted below is an excerpt from the City Government’s social media post. Some parts in boldface…

The City Health Office, led by OIC Dr. Juliana Gonzalez, held a free pneumonia vaccination drive for senior citizens at the Talon Uno Covered Court on Tuesday, July 16. City Vice Mayor April Aguilar attended the event to express her support for the initiative.

Over 300 senior citizens received vaccinations, providing them with essential protection against pneumonia. This effort is part of the City Health Office’s ongoing commitment to safeguarding the health of the most vulnerable sectors of the community.

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Would you happen to know if the City Government will organize a pneumonia vaccination drive in your barangay soon?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Man arrested in Parañaque City for statutory rape

August 6, 2024July 29, 2024carlocarrasco

Recently in the city of Parañaque, the local police (who were armed with a warrant of arrest issed by the Parañaque City Family Court) apprehended a 55-year-old man for statutory rape and rape by sexual assault, according to a Manila Bulletin news report.

To put things in perspective, posted below is the excerpt from the Manila Bulletin news report. Some parts in boldface…

A 55 year-old man was arrested by members of the Parañaque city Police Warrant and Subpoena Section and Women and Children Protection Desk (WCPD) for statutory rape and rape by sexual assault on Friday, July 26, the Southern Police District (SPD) said.

The suspect was identified as “Hipolito,” who was arrested in Quirino Avenue, Barangay Don Galo, Parañaque City.

The police said the suspect was arrested by virtue of warrant of arrest issued by Judge Moises D. De Castro of Parañaque City Family Court, Branch 10 on June 4, 2024 with no bail recommended bail.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, are you concerned that there could be rapists hiding in your local community right now?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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More than P831 million deposited through BSP’s coin machines

August 6, 2024July 29, 2024carlocarrasco

More than P831 million worth of coins have been deposited through the many coin deposit machines (CoDMs) of the Bangko Sentral ng Pilipinas (BSP) as of July 15, 2024, as published on their website.

Based on the latest statistics, a total of P831,774,151.23 (6.1% higher than the previous month’s count of P783,628,810.29) in coins got deposited into BSP machines on 202,110 transactions (5.4% higher than the previous month’s 191,804 transactions) from customers. In terms of physical quantity, 223,021,306 in coins were deposited. The previous count of deposited coins was 211,689,731.

Doing the math on the latest statistics, customers averaged P4,115.45 per transaction (versus the previous month’s P4,085.57 per transaction) at the machines. As for the grand total Peso amount divided by the number of coins deposited, the average is P3.7296 per coin deposited (versus the previous month’s average of P3.7018 per coin deposited).

Let me end this piece by asking you readers: What is your reaction to this recent development? Were you able to deposit your excess coins into a BSP coin deposit machine in your locality recently? Has the BSP coin deposit machine near your been breaking down a lot in recent times?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

What to watch on YouTube right now – Part 29

August 5, 2024August 27, 2024carlocarrasco

Welcome back, my readers, YouTube viewers and all others who followed this series of articles focused on YouTube videos worth watching. Have you been searching for something fun or interesting to watch on YouTube? Do you feel bored right now and you crave for something to see on the world’s most popular online video destination?

I recommend you check out the following topics and the related videos I found.

#1 Darlene Zschech’s newest worship music videos – In recent times, pastor Darlene Zschech released through her official YouTube channel the latest worship music videos of the songs Testament, Shout to the Lord and Cry of the Broken. For the newcomers reading this, Darlene Zschech is a Christian worship leader as well as an accomplished worship musician. She is based in Australia and she and her husband are with Hope Unlimited Church (HopeUC). She is a truly anointed woman of the Lord God and you can learn more about her by visiting her official website. Enjoy the worship music videos below.

#2 Grandia retrospective videos – I had a lot of fun playing and completing the Japanese role-playing game Grandia on PlayStation way back in 1999. I recently bought Grandia HD Collection which has Grandia and the sequel Grandia II (this I have yet to play) with enhanced visuals. That said, I have been replaying Grandia on my Xbox Series X and I can say that I am enjoying it. The gameplay features, the game design, the writing and visual presentation of Grandia have aged well. To get to know more about Grandia, watch the selected videos below.

#3 HolyLandSite’s newest Mount of Olives tour video – HolyLandSite published their latest video about their Mount of Olives tour in Israel. This time around, the video includes Mary Magdalene Church, Tomb of Prophets, the Chapel of Ascension and other sites. To truly grasp the relevance of this video of HolyLandSite, you must have strong faith in the Lord and in His Word. Be aware that as the world turns chaotic and more people turn to evil, Rapture could happen anytime and that means the return of Lord Jesus will follow. I encourage you to watch the video with faith and you will realize it is more than a tourism video. Pay close attention to the bible teachings.

#4 Popcorn in Bed’s sports-related movie reaction videos – Recently, YouTuber Popcorn in Bed published two movie reaction videos that happened to be sports-related. One was about ice hockey and the other was about running and the 1924 Olympic Games. While the films Miracle and Chariots of Fire are inspiring, be mindful that creative liberties were taken at the expense of historical accuracy which is often the case with movies. Still, Popcorn in Bed’s reactions are amusing to watch and II encourage you watch the videos below.

#5 Rocky (1976) movie reaction/review videos – Still on the topic of sports-related movies, Sylvester Stallone’s Rocky is arguably the most iconic of them all. Not only did it bring fame to Stallone, it also won the Academy Award for Best Picture and was selected by the Library Congress for preservation in the United States National Film Registry for being “culturally, historically, or aesthetically significant”. Naturally, Rocky has been featured in a lot of movie reaction/review videos and you can watch some of them below.

#6 Israel’s Prime Minister points to terrorist state Iran and its useful idiots – During his speech to the United States Congress (both lower and upper houses of Congress) in Washington, D.C., Israeli Prime Minister mentioned the truth about terrorist state Iran which has terrorist proxies around the Middle East as well as many brainwashed supportive protesters (the useful idiots) composed of Islamists, Communists, socialists, Marxists, liberals, the woke and other Islamo-Leftist elements. Netanyahu is correct that Iran’s axis of evil exists and there is a clash between civilization and barbarism (this points to Iran, the terrorists and woke extremists who support terrorism). It is also clear that all the people who hate Israel and sided with Islamic terrorists are on the wrong side and God is watching. Watch and learn from the video below.

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Educational assistance released to Las Piñas City students

August 5, 2024July 27, 2024carlocarrasco

Recently in the City of Las Piñas, educational assistance in the form of school supplies was released to the local students during an activity that was attended by Vice Mayor April Aguilar, the City Government confirmed via social media.

To put things in perspective, posted below is an excerpt from the City Government’s social media post. Some parts in boldface…

The City Social Welfare and Development Office, in partnership with the Local Youth Development Office, hosted the awarding of educational assistance on Monday, July 15 at the Mayor Vergel “Nene” Aguilar DRRMO Building in Barangay Talon Dos.

City Vice Mayor April Aguilar led the distribution, alongside City Social Welfare and Development Office OIC Lowefe Romulo. The event, attended by numerous parents, guardians, and students, emphasized the local government’s commitment to supporting the educational needs of its youth.

The distribution of school supplies, consisting of backpacks filled with essential educational materials, aimed to equip students for the upcoming school year. Vice Mayor Aguilar highlighted the importance of education in her short address, encouraging students to persevere in their studies and utilize the resources provided to them.

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Are there any students within your local community who received educational assistance from the local authorities?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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