Social Media Influencers Must Pay Taxes Too, Philippines Says

Social media influencers in the Philippines must pay taxes just like anyone else and could face penalties if they don’t, the country’s authorities said.

The Philippines’ Bureau of Internal Revenue wants to “clarify” influencers’ obligations after receiving reports that certain influencers haven’t been paying income taxes or are failing to declare their earnings for tax purposes, according to a memo released Monday.

• Social media influencers are subject to income taxes and percentage or value-added tax unless otherwise exempted, the bureau said. They are classified as self-employed individuals or business sole proprietors, and so their income is generally considered ...