Uber settles P41-M tax deficiency
UBER Systems, Inc. (Uber Philippines) has paid P41.15 million to the Bureau of Internal Revenue (BIR), settling its value added tax (VAT) deficiency for the second half of 2017 and avoiding possible suspension or closure of its operations.
“The payment, and the imminent closure under the Oplan Kandado Program of the BIR that was avoided, was the culmination of the audit of Uber’s VAT compliance for the period July 1 to Dec. 31, 2016,” the tax collection agency said in a statement.
The audit was conducted by Revenue District Office (RDO) No. 47 of Makati City.
Based on the records of the investigation, the BIR said Uber is registered as a transportation network company with the Land Transportation Franchising & Regulatory Board (LTFRB) with a pool of Transportation Network Vehicle Service (TNVS) operators and drivers.