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Informants of social media influencers who do not pay taxes to get P1-million reward

 Anyone who can give definite information that could lead to the discovery of social media influencers who does not pay taxes could receive up to P1-million in reward, former Bureau of Internal Revenue (BIR) examiner revealed.

Under Section 254 of the tax code, tax violators shall be punished by a fine of P10-million and imprisonment of not less than six years but not more than ten years.

"Yun 'yung hindi masyado alam ng publiko. Tayo mismo pwede kumita...'pag sinabi natin o tinuro 'yung mga kasama natin na mukhang hindi nagbabayad ng buwis," former BIR examiner Mon Abrea told One News. 

According to BIR, "social media influencers" include those receiving income from any social media site or platform in exchange for services performed as bloggers, vloggers, or from any other activities performed online.

The informer's identity will not be revealed, but if the information turns out to be false, criminal charges could be filed against the informer.

Vloggers are considered self-employed individuals and are subject to 12% VAT if their yearly income is more than P3-million. In case the earning is more than P250,000 but less than P3 million annually, they are subject to pay 8% tax. However, earning below P250,000 and below annually are exempted from paying taxes.

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