UBER News: BIR To Impose Tax On Uber and GrabCar Rides

Our source is reliable because it's from Inquirer itself.
Source: http://business.inquirer.net/201444/taxing-uber-bir-mulls-requiring-drivers-to-issue-receipts#ixzz3pmAgpd00

Recently, we heard the news that TNVS rides such as UBER and GrabCar are mandated to issue a physical receipt. Now, this news is a lot bigger!

Bureau of Internal Revenue said that they are expecting the GrabCar/UBER operators to file tax returns. Well this is apart from the issuance of receipts. The drivers will also be considered as employees which will also pay taxes based on their salaries.

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Now, what could be worse than this? THE VAT! YES! VALUE ADDED TAX!

Hello hello there riders, each of our rides will now be subjected to VAT which is 12% of the total fare on top of the calculcated fare by the application, Aspe said.

For Uber, Aspe said that they will be asking credit card companies to submit necessary information and data regarding the UBER rides. This will serve as basis for the correct computation of the tax liabilities of the operators, drivers, and UBER itself.

As for GrabCar who is on a cash basis, Aspe said it will be more difficult to track the total salary. BUT we think on this part, they may require GrabTaxi to provide payslips of each operator necessary to compute their taxes.

Now, are you still in to apply as an operator/peer?

God bless the Philippines!