Taxing online advertisements: Legal basis with regard to taxability of advertisements provided by non-resident foreign corporations

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ID: 286437
2018
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Abstract
The use of the Internet, specifically through the popular social media networks as a medium for the promotion of goods and services have grown in the recent years. Companies in the Philippines have now tapped into this medium of Online Advertising because of its accessibility to Filipinos. Online Advertisement Industry is booming in demand and very profitable. As such, taxing the revenues or profits of Companies providing online advertising platforms or medium may prove to be very lucrative source of income for the Philippines. With regard to the applicability of our current laws, the National Internal Revenue Code with respect to income tax is broad enough to be applied to this kind of transaction. However, the broadness of the law makes it a two-edged sword. Although it is applicable, its broadness also makes it susceptible to the applicability of tax limitations. Its broadness makes its application ambiguous and makes room for statutory construction. Since taxation is supposed to be construed strictly against the government, the Philippine income tax is inclined towards inapplicability to nonresident foreign corporation with regard to providing platform and medium for online advertisements because of the ambiguity in determination of situs. This thesis aims to fill the gap between the limitation of our current laws and the non-physical characteristic of the business of providing medium and platform for online advertisements.
Reference Key
persistent_1760658575_68f1848f3505c Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Valera, Alexander Julio V.
Journal Malay Journal
Year 2018
DOI
DOI not found
URL
https://animorepository.dlsu.edu.ph/etd_masteral/7256
Keywords Keywords not found

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