Will there be a confusion because I mean Brave and Braver Browser, if they want a fork they should go for a different name, not something that is very much associated to Brave Browser,
The name is same because they are a fork of Brave browser; like bitcoin forks are more or less have bitcoin in their name. Otherwise, people will have hard time finding out the source of the browser and so does the purpose. The name is just temporary. They plan to change it but not too soon. I wish I can send the source but I can't remember where I read that. I personally prefer another name, something like 'Unbraved'  ~
Don't get me wrong, I don't think Braver will pick up but why the need to defend your model and diss others?
To dissuade others from leaving and kill the "competition"  |
|
|
|
~ Don't get me wrong though, I still supports PAGCOR plan on re-opening soon to really test how casino are going to do in this pandemic, however, I don't want to be another statistics,  You will still be part of the 'unaffected' stats  ~ As of yesterday, our country got the highest daily record of 1,150 new cases (Fresh: 789 Late: 361) via Rappler. The increasing number of new cases is to be expected with the reopening of businesses and public transportation.
Speaking of stats, I'm just gonna point this out here since the focus is only on no. of cases and not many are paying attention to the other equally important data. No. of recoveries stats: No. of deaths stats: (Note that the above data may be incomplete - source) ^ I'm pretty sure our Government relies on those stats as well when discussing their next move. Even with more recoveries and less death recorded daily, the Government is still cautious and taking it slowly (that's a good thing!). The data above also supports the move to reopen businesses like land-based casinos. |
|
|
|
List of Players who opted out of the NBA 2019-2020 restart so far:Mav's Lee
Wizard's Bertans
Blazer's Ariza
~
Bojan Bogdanovic of Utah.
DeMarcus Cousins of Lakers.
~ And now LA Lakers Avery Bradley. But wait was he mentioned already  .
Another important list to make is the number of players who tested positive for COVID-19 before the restart:Nikola Jokic - Denver
Buddy Hield - Sacramento
Jabari Parker - Sacramento
Malcolm Brogdon - Indiana
Alex Len - Sacramento
Derrick Jones Jr. - Miami Please add if you know others not on the list. I'm expecting more will be reported.
|
|
|
|
~
I would say that this kind of protocol would be useless. Why? if a certain asymptomatic person able to go inside the venue then
imagine on how they do transmit the virus via chips or even in cards or everything it touches? Its really hard to think
that this situation would really be just resolved out with those kind of protocol but at least we are trying our best but getting
rid of it is almost impossible.
Aside from frequent alcohol, casinos can also choose to require players to wear medical gloves too Anyway, the place would surely be sanitized and players will have to be checked and 'cleansed' before they would enter.
~
Either way, it just looks ridiculous and ain't classy for casino.
True. Imagine the players wearing suits/medical gowns also
This will be a gradual process, I don't think all casino's will be open in a day. I think it will be the big one first in Manila for a test and then in other parts of the Philippines.
The gradual opening will most likely be the case. The facilities should be inspected first before they get the approval to reopen. Some casinos in Pampanga were already allowed to open by the way.
~
I know the government's revenue from gambling is big, but that doesn't mean they can use it as a reason to reopen the casino.
They can and it is the main reason why they will be allowed to reopen. The revenue from gambling is essential to the Government's effort to boost the economy while spending less on 'reliefs'. Funds from PAGCOR will be also used to buy more PPEs for our healthcare to fight the pandemic. Maybe the government can think of another solution for the employees because I don't think that all employees can still go back to their old jobs.
I'm pretty sure they've discussed this matter thoroughly. FYI, private businesses are already allowing their employees to go back to their old jobs since GCQ but at a limited capacity. I also read that even churches are allowed to open at 50% capacity on areas under MGCQ. I don't see why land based casinos should be any different. |
|
|
|
|
@pooya87 What does the chart tells us? It looks like some miners only took a 'little break' and came back after difficulty was adjusted. Are we going to expect another adjustment soon?
|
|
|
|
A quick update on reopening, PAGCOR chief says landbased casinos are now allowed to conduct dry-runs. Some casinos outside Manila have been allowed to open. In an interview with Andrea Domingo, Head of PAGCOR. She said that casinos can start holding dry-runs which is a positive sign for the re-opening of the Casino.
Some Poker houses have begun to conduct the rapid tests for the coronavirus. There's probably 99% chance now that they'll reopen by next month. For those who are still concerned on how health protocols would be observed, take a look at this image:  ^ That's from another country but that will most likely be the case here also (with face mask and shield).
~
Ahh, yes. NCR is now averaging 200 positive covid-19 cases per day. Source: t.me/phcoronavirus
Philippines still on 700-1000 average cases per day, but the good thing is recoveries average more than 200 per day as well. Even if I highly doubt Metro Manila would be still extended, but still remain as GCQ. I guess Government can reconsider the PAGCOR approval of land-based casinos on some areas in Metro Manila.
Yup. As I've been saying before, our health facilities are way better now compared to two months ago and that can be seen with the increasing no. of recoveries. I'm guessing that the Government already accepted the fact that COVID-19 won't be eliminated anytime soon but they are probably more confident in our healthcare now in handling patients. The Government has been very clear from the start that our economy cannot sustain a prolonged lockdown. Slowly opening businesses like land-based casinos is a good start for a slow economic recovery. |
|
|
|
~
This man thinks he can gain some popularity by challenging the legend.
I doubt this is the case. After all his actions inside and outside the octagon, he's pretty much known in the world of contact sports. I think he is out of his mind, he wants some charity fight with the old man? He can have some charity fight with someone his age. I think he can just fight some good fighters in the UFC the one with lots of fans to fully support their charitable activities. I just can't see it happen to him fighting mike in the future. that's not what we have been looking for.
It looks like you are not yet familiar with what's happening in the UFC recently. Nobody wants a charity fight right now. Popular UFC fighters today like Jon Jones are "revolting" against Dana and UFC management because they feel they aren't getting paid enough. Tyson himself said in an interview that if Jones wants to have some super money, Jon should fight him. That's probably a joke on Tyson's part but Jones already accepted the challenge with a proposal of his own and some people are already blowing this out of proportion. |
|
|
|
I was searching for players who would opt out of the NBA 2019-2020 restart. Here's what I gathered from NBA.com (some on the list were already mentioned in other comments): - Mav's Lee
- Wizard's Bertans
- Blazer's Ariza
Anyone else you might know? They have until Wednesday to inform their teams but I was expecting to see more players to come forward by now and officially say they are out especially after all the talks on #BLM. Maybe the idea of not getting paid for missing games is also bothering them. |
|
|
|
~
I don't know if @Bttzed03 will agree to this.
If signature campaign participant will be taxed, then what are the taxable fringe benefits we can get? Kasi diba kung nagbabayad ka ng tax, let's say for example, an employee working for a company in our country, may benefits yan such as SSS deduction, PhilHealth Deduction, Pag-Ibig deductions etc.. -- eligible ba tayo para makakuha ng mga yan?
These people who are earning from digital marketing/ freelancers/ online sellers/ bloggers are somewhat independent kasi sarili lang din naman inasahan nila in the first place; they provide their own electricity, foods, materials while working inside their home right? Kahit yung government walang pake don.
Fringe benefits per se are benefits provided under an employment contract. Ibig sabihin you are only eligible if you are under employer-employee relationship. Hindi kasali ang mga independent online/digital marketers dyan. Like I said in my previous comment, sig campaigns are more like income from freelancing or from being self-employed. Just to clarify SSS/Philhealth/Pagibig are part of non-taxable fringe benefits. @Bttzed03
How about age differences? Kasama din ba yun sa factors na kinoconsider to make the subject taxable or not? I am 19 yrs old pero I am sa earning signature campaign (digital marketing). Am I subjected to tax?
There is no age restriction actually. Pati yung mga under age, legal guardians ang magaasikaso ng filing at payment. I'm adding another section in the tax code for reference of all readers: Who are Required to File Income Tax Returns?
Individuals
- Resident citizens receiving income from sources within or outside the Philippines
- Employees deriving purely compensation income from two or more employers, concurrently or successively at any time during the taxable year
- Employees deriving purely compensation income regardless of the amount, whether from a single or several employers during the calendar year, the income tax of which has not been withheld correctly (i.e. tax due is not equal to the tax withheld) resulting to collectible or refundable return
- Self-employed individuals receiving income from the conduct of trade or business and/or practice of profession
- Individuals deriving mixed income, i.e., compensation income and income from the conduct of trade or business and/or practice of profession
- Individuals deriving other non-business, non-professional related income in addition to compensation income not otherwise subject to a final tax
- Individuals receiving purely compensation income from a single employer, although the income of which has been correctly withheld, but whose spouse is not entitled to substituted filing
Non-resident citizens receiving income from sources within the Philippines
Aliens, whether resident or not, receiving income from sources within the Philippines Based on the above, you are required to file an ITR. But again, if your taxable annual income is equal to or falls below the 250K treshold, zero ang tax due mo (wala kang babayaran). |
|
|
|
So I was finally able to read an article pointing to Mark Tolentino as the designated trustee of the $2.1 billion fund of Wirecard.
According to a mainstream German daily, after being appointed as trustee in late 2019 Tolentino is said to have opened six accounts for Wirecard with the Bank of the Philippine Islands (BPI) and BDO Unibank.
He is said to have deposited 393.5 million euros for Wirecard UK & Ireland Ltd. For Wirecard Technology GmbH it was 400.5 million. 30 million for Wirecard AG, 20 million for Wirecard Sales International GmbH and finally almost 1.1 billion for the subsidiary Cardsystem Middle East FZ LLC. In total: 1.938 billion euros,[/i] BPI and BDO also said that "the money never reached the Philippine financial system. If it had, they would have noticed it as it would amount to 5% of all foreign currency deposits." The same was also said by the BSP chief: None of the missing $2.1 billion of German firm Wirecard entered the Philippine financial system,
The international financial scandal used the names of two of the country's biggest banks -- BDO and BPI -- in an attempt to cover the perpetrators attack,
As to Mark Tolentino's side, his camp/law firm (MKT law) denied any irregularities/fraudulent activity: All services rendered by MKT Law, including the opening and maintenance of Philippine deposit accounts for foreign clients, are above board and performed with utmost compliance with Philippine laws and regulations,
Formal demands have been made today for BPI and BDO to confirm these accounts and to treat them with absolute confidentiality, as mandated in the Foreign Currency Deposit Act of the Philippines, Interesting developments hehe. I'm thinking MKT Law tried to bypass bank protocols using methods like using different accounts. Waiting for BDO & BPI's response to the demands and I hope they also make it public. |
|
|
|
Nice discussion we got here, di ko alam may accountants and lawyers pala dito, tama ba ako? hehe..
Anyway, allow me to share my opinion regarding the topic, maaring taxable ang income natin pero personally hindi ako mag reremit gaya ng karamihan sa atin, kung baga, maghihintay nalang ako na mas matackle pa ang signature campaign income para mas klaro. Sa tagal ko na dito sa forum, never kung naisip na kailangan mag remit ng income natin dahil kung sa work, yung HR na mismo ang mag deduct ng tax sa sahod natin, so kung tayo ang mag remit nito, parang business na rin, or self employed tayo gani ng sabi ni Bttzed03... ayaw kung isipin ng ganyan dahil pag tinanong ako dito sa amin about anong work ko,,anong sasabihin ko, signature campaigners? hehe.. sorry guys, medyo complicated lang on my part.
Magkakamot panigurado ng ulo yung pagsasabihan mo ng signature campaigners hehe. Pwede naman online/digital advertisers kagaya ng nakasaad sa title ng OP. Kung working ka naman tapos active ka sa sig campaigns, pwede mo naman sabihin sa HR na isama din sa ITR mo yun dahil meron tayong tinatawag na mixed income. Dagdag trabaho nga lang talaga pagdating sa presentation, computation, at payment kung sakali.
Karamihan dito ay wala naman argument sa legality pero maraming tanong about sa implementation. While I agree na mahihirapan ang BIR sa pag-handle nito at malamang mag-focus sila sa mga mas malalaking online merchants/digital earners, hindi natin ito pwede gawing excuse para hindi tayo mag-declare ng kinikita natin online (kasama na sig campaigns). The law mandating us to declare all income and register business is not new. Marami sa atin ang hindi aware pero before pa magkaroon ng RMC 60-2020, may mga vloggers/freelancers/online sellers at iba pang digital earners ang nagko-comply sa filing at declaring ng mga income nila. Sa tingin ko naman nakapagbigay na ako ng sapat na basis/references kung bakit subject to tax ang mga digital ads kaya final contribution ko na siguro ito sa thread na ito. |
|
|
|
~ Selling signature campaign space? I think what I found is renting signature space, there's a big difference. I did a little research about selling services and I can't even find similar services with signature campaign. https://simplicable.com/new/service-businessWhen we talk about selling signature space, we just need to wear the signature and the transaction is done, and when you are selling, you are the one telling the buyer what you are selling and he buys. Most of the time it's different, the usual scenario is, there's a new campaign, the manager made an announcement with the rules and the requirement of the campaign, and we are required to apply in order to get accepted, so this is not us selling, it's us applying for the job as it's more than just wearing a signature in our profile since at the same time we are oblige to follow the rules of the campaign which if we fail, we will not get paid even if we are wearing the signature. I got it (selling sig space) mixed up. It's supposed to be renting out sig space/selling your service to promote a particular company. "Applying" for sig campaigns can also be seen this way: Company A wants to promote something by renting sig space and availing services of independent advertisers so a representative announced it here on bitcointalk. He laid out the terms/contract and asks members here who is willing to rent out their sig space and promote the company meeting the required no. of posts. As a sign of willingness, the representative asks members to post their usernames and other data. The representative will then choose whose sig space and service they want to avail. For members with threads renting out their signature, yes they have added their own terms but companies who would avail will most likely have their own conditions too and not just buy outright (i.e. number of posts/week). When it's all set, both parties will have to abide by the terms they agreed. 'Signature space' on bitcointalk can also be seen as similar to a space being rented out in other websites/blogs. Anyway, technicalities aside, renting out signature or selling services to promote something is not that different from what freelancers or self-employed do. Products/Services may be different but both are still generating income. Since it's not specifically stated under the law that it's exempted, the income generated is subject to tax.
I failed to put this in my previous comment but the 250K treshold isn't limited to income gained under employer-employee relationship. It also applies to online sellers, corporations, freelancers, or self-employed. |
|
|
|
(A) A citizen of the Philippines residing therein is taxable on all income derived from sources within and without the Philippines;
Again, this is another general law, I think we need to be specific here Did you missed the part where it says "Except when otherwise provided in this Code". Did you see in the tax code that income from digital ads are exempted? Let me rephrase that, unless it is stated in the tax code that income from sig campaigns or other digital ads are exempted from law, it is subject to tax. @plvbob0070 my reponse above also addresses your "siguro dapat may specific" comment. ~ since we are talking about the 250k threshold in a yearly basis so our income will fall under the compensation income. So here's the definition of gross compensation income : sourceGross compensation income is defined as taxable income arising from an employer/employee relationship and includes the following:
salaries, wages, compensation, commissions, emoluments, and honoraria
bonuses exceeding PHP90,000
allowances for transportation, representation, entertainment, and other similar items
fees (including director’s fees paid to a director who is at the same time an employee of the payer)
taxable pensions
taxable retirement pay
other income of a similar nature, including compensation paid in-kind. So here's my question, do we have an employer-employee relationship when we are participating in a signature campaign? If your answer is no, END OF DISCUSSION, if Yes then answer this question. If there is an employer-employee relationship there should be a contract as the basis of employment, an employer or employee can file a legal action if one contracting party violated the contract. Now, since I'm currently on a signature campaign, if the manager would fail to pay the agreed compensation, can I sue him/her/it (since we don't know if what we are working with is human or a robot or whatsoever)? If your answer is yes, HOW?You are making an assumption that it should fall under under an employer-employee relationship and that's the limitation of your argument. It may look like that since we are the one "applying" but compensation from digital ads can easily be categorized as income from freelancing or from selling your signature space to other companies (self-employed). Go check the services board and you can see some members with "selling my sig space/avatar or advertise your project/company in my sig" types of posts. |
|
|
|
~
The memorandum circular still fails to show how bloggers o kaya ang mga content creators ay kasama sa sakop nito sa pagiging business. Ang pagiging merchant or businessman simply requires them to sell goods and services which they aren't doing kung mga sponsorships na extra pwede pa pero yung ad revenue na kinikita nila paano nila ma-explain na business ito kung incentive lang naman sakanila ng mga content websites na ito. Simple lang di sila merchant or business walang kumo-contact sakanila to buy something from them kasi wala naman silang binibenta in the first place. If they were considered as “sole-proprietors” rather than “self-employed” individuals dito pumalpak si Guballa dahil nga hindi naman sila pwedeng i-consider as business in the first place, nabasa ko na din yung article ng Manila Bulletin at similar lang naman yung sinabi dito at yung article ng Yugatech at parehas pa din ang aking sentimento tungkol dito na si Guballa na nag-dadagdag ng mga bagong batas sa memorandum circular kahit hindi naman ito sakop, this alone will give bloggers a chance in court if kasuhan sila ng BIR.
I get where you are coming from. I also thought the memorandum was originally for e-commerce merchants only but then realized it could also cover all digital earners. It is no longer a question of "maituturing bang business ang blogging at content creation?" when Guballa clarified it na kasama mga digital earners. That is why I was hoping na mag-issue sila ng panibagong memorandum amending the previous one para mas klaro na. It is within anyone's right naman to challenge it with the court but on what grounds? Vagueness? Expanding the coverage of the memo? Whatever the case, I don't think it will fly. Besides, hindi naman against sa Tax code yung memorandum which requires declaration of income. If you know someone that would file a case to challenge RMO 60-2020, sabihan mo ako. Gusto ko din sundan yan kung sakali.
~
I'm not talking about declaration because I would never declare my earning as in the first place I believe that we are not required to pay taxes for our income in signature campaign. If you declare yours then that's good for you, there's no law that prohibits you from doing that.
Then what "establish first its legality" are you talking about? ~
I don't need to answer that question as like I said, I don't consider my income from signature campaign as taxable income.
Consider the income that we earn from signature campaign as off the books income, it's not necessary to remit it.
I see, I'd take that as a 'no'. For every reader's reference, here is what the Philippine Tax Code says: SEC. 23. General Principles of Income Taxation in the Philippines. - Except when otherwise provided in this Code:
(A) A citizen of the Philippines residing therein is taxable on all income derived from sources within and without the Philippines;
(B) A nonresident citizen is taxable only on income derived from sources within the Philippines;
(C) An individual citizen of the Philippines who is working and deriving income from abroad as an overseas contract worker is taxable only on income derived from sources within the Philippines: Provided, That a seaman who is a citizen of the Philippines and who receives compensation for services rendered abroad as a member of the complement of a vessel engaged exclusively in international trade shall be treated as an overseas contract worker;
(D) An alien individual, whether a resident or not of the Philippines, is taxable only on income derived from sources within the Philippines;
(E) A domestic corporation is taxable on all income derived from sources within and without the Philippines; and
(F) A foreign corporation, whether engaged or not in trade or business in the Philippines, is taxable only on income derived from sources within the Philippines. Regardless kung sa signature campaign ka kumikita or kung saan mang digital platforms, the law is very clear on this. Putting RMC 60-2020 (which covers digital earnings) aside, kung nakatira ka dito sa Pinas at sumasali sa mga sig campaigns, yung income mo dun is taxable under Section 23-A alone. Pero gaya ng sinabi ko at ng iba dito, pwedeng exempted kung 250K and below. Nevertheless, you are still bound by law to declare it.
I appreciate the discussion here at halata naman magkakaiba ng opinyon but I think we all know the right thing to do. Like I said, the law is clear and it's not a question of "paano nila malalaman?" or to put it more directly, "paano nila ako mahuhuli?". It is up to us now kung susundin natin yung nakasaad sa batas o hindi. I'm pretty sure we are all old enough to know na may equal reaction sa bawat action na gagawin natin.
@Maus0728 mailagay mo sana dun sa OP yung part ng tax code na binanggit ko. Tingin ko halos lahat dito hindi alam yan kaya magandang mabasa din. |
|
|
|
~
Just establish first its legality, if there's none, then you are not covered in the particular memorandum as per OP.
Legality of declaring/filing all your income be it from signature campaigns or other types of digital services? That could form part of no. 3. This is my answer to your question, I hope it's clear. Don't worry, government wouldn't mind us since we don't have a legal contract with our employer.
If I may ask, if we remit this as part of our compensation what company will we put as our employer? and does not employer even recognize us?
Not your real name you can't enter into a legal contract, thus you are not required to pay tax on it as you can't bind mirakal into a contract when mirakal is not a person.
My question was " Are you aware that even if you declare your income from signature campaigns, you are not automatically required to pay taxes?". The bolded part wasn't an answer to that. |
|
|
|
@mirakal Before we go any further, let's go back to this: ~
...and besides the earnings in signature campaign is just a small amount, why would we have to pay taxes on it. For example, at my current campaign, I am earning php2500 per week or php 10,000 per month, but it's not stable as we will not know when it will stop. In tax on compensation, minimum wage earner are tax exempt and I guess I earn less than what the minimum wage earner earn in a yearly basis, so for me, it's not really reasonable.
Are you aware that even if you declare your income from signature campaigns, you are not automatically required to pay taxes? As I said in the previous comment, you'll need to have a taxable net income tax that's higher than 250K before you're required to pay. Don't mistake filing/declaring income with paying taxes. |
|
|
|
~
...and besides the earnings in signature campaign is just a small amount, why would we have to pay taxes on it. For example, at my current campaign, I am earning php2500 per week or php 10,000 per month, but it's not stable as we will not know when it will stop. In tax on compensation, minimum wage earner are tax exempt and I guess I earn less than what the minimum wage earner earn in a yearly basis, so for me, it's not really reasonable.
So why do you have to hide it if it's within the tax exempt bracket? |
|
|
|
|
^ They just need to close the entire place where the events will be held. Players, managers, coaches, and all staffs should be contained there until the season is over (defeated teams will be allowed to leave of course). Players shouldn't have a problem with that since I read that the venue will have plenty of leisure to give them enough entertainment.
|
|
|
|
~ Pero yung nakakapagtaka dito is baka mali naman ang understanding ni Commissioner Guballa sa sarili nilang memorandun circular dahil ang kino-cover lang nito is businesses at hindi mga individual. REVENUE MEMORANDUM CIRCULAR NO. 60-2020
issued on June 10, 2020 notifies persons conducting business through any forms of electronic media regarding their tax obligations and the registration of their business with the BIR, pursuant to the provisions of Section 236 of the Tax Code, as amended.
The provisions of this Circular cover not only partner sellers/merchants, but also other stakeholders involved, such as the payment gateways, delivery channels, internet service providers, and other facilitators.
I've literally read the whole file at wala namang binanggit na apektado dito kung hindi ang mga businesses katulad ng mga online sellers, matanong ko nga kayo kailan pa naging business ang maging “blogger” o “content creator”? Oo kumikita sila dito from various ad revenues at additional sponsorships pero hindi mo naman masasabing “business” ito diba dahil individual ka lang dito. You are eother a self-employed individual o isang free lancer na kumikita ng income. By the definition palang ng “business” hindi na pasok ang isang blogger dito kasi ano namang produkto ang binibenta mo? Diba wala? Ang ad revenue in a sense is yung kita ng mga kumpanya sayo like Youtube allowing you to earn incentives sa pag monetize ng channel mo. Pag-intindi palang ng business at ad revenue ay mali na ang mga binitaw na salita ni Guballa. Also ang termino na “ad revenue” wasn't even mentioned in the memorandum circular itself so sa tingin ko pinapalawak lang ni Guballa yung sakop ng circular na ito which is wrong. Refer to the full text of the memorandum instead of the Digest. It says there: This circular is issued to give due notice to all persons doing business and earning income in any manner or form, specifically those who are into digital transactions through the use of any electronic platform and media, and other digital means...... There's vagueness to the above quoted statement but the Deputy Commissioner already came forward and made that more clear for us. Read https://news.mb.com.ph/2020/06/18/bloggers-filmmakers-earning-from-digital-ads-required-to-register-bir/In that article, it was stated that online merchants/businessmen covers those who are selling both goods and services. Tingin ko naman sapat na yun to explain why bloggers/content creators are covered in the memorandum. My personal take: Self-employed individuals were somewhat considered as Sole Proprietors in this case. I was also hoping they would issue another memorandum to amend RMC No. 60-2020 at idagdag yung mga sinabi niya sa press conference. |
|
|
|
|
Show Posts
