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Sponsorship

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1 Sponsorship on Mon Jun 05, 2017 3:14 pm

genufuk


Arresto Menor
Taxable po ba if meron nag sponsor sakin like
meron akong website tapos may company nag email or chat na mag bayad sila para e ads ang items nila .
May tax po ba? or meron pako ibayad na tax?

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2 Re: Sponsorship on Mon Jun 05, 2017 10:57 pm

Lunkan


Reclusion Perpetua
(If I understand you corect. My Tagalog is bad.)

"Sponsor" is normaly used when it's to schools, religious and some no profit organisations.

In your case I guess BIR see it as a business, even if you don't have any profit (yet). I don't know if the Philippines have anything counted as tax free "hobby" income. I guess not.
BMBE business don't need to pay income tax for the owner, but other taxes are same and need to send in tax forms and follow rules about reciept and such.
Micro businesses don't pay VAT but 3 % of the revenue instead.

BIR have got their eyes at Internet businesses, so they check such some extra.

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