Philippine Daily Inquirer Digital Edition

BIR probes Lyka for alleged unpaid taxes

—BEN O. DE VERA

The Bureau of Internal Revenue (BIR) is investigating social media platform Lyka for its alleged unpaid taxes. Internal Revenue Deputy Commissioner Arnel Guballa told the Inquirer on Friday that while Lyka was registered with the BIR’s revenue district office 39 in Quezon City, it was “not paying taxes.” “I instructed the investigation,” Guballa said, adding that Lyka’s supposed deficiency taxes were still being determined by the BIR. The BIR will also evaluate the other tax dues that Lyka owed, Guballa said, since it served as a payment system operator despite being unregistered to do so. The Bangko Sentral ng Pilipinas has ordered Lyka to stop operations. Lyka users buy goods and services through the platform using so-called gift cards in electronic mode, or GEMs.

NEWS

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2021-07-31T07:00:00.0000000Z

2021-07-31T07:00:00.0000000Z

https://philippinedailyinquirerplus.pressreader.com/article/281711207688459

Philippine Daily Inquirer