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Online Barter Trade is Illegal, Online Sellers Should Register, Says DTI

Online Barter Trade is Illegal, Online Sellers Should Register, Says DTI

DTI Says Online Barter Trade is Illegal, Encourage Online Sellers to Register

The Department of Trade and Industry said Tuesday that online barter trade is illegal as it encouraged encourage online sellers to register with the department and Bureau of Internal Revenue. 

According to Trade Secretary Ramon Lopez, the barter trade is illegal and against the law everywhere else in the country. But in some parts of Mindanao like Sulu and Tawi-tawi barter trade is allowed.

Online Barter Trade
Image Source: PIA

Lopez said that online trade should go through regular transactions and pay taxes, based on the report of ABS-CBN. “Bawal nga po at saka nalalabag nila yung tax lax law diyan,” Lopez said.

READ ALSO: BIR Plans To Tax Online Services Including Media Streamers & Online Sellers

He also said that the DTI will go after with the online barter trade. “Diyan po umaaksyon naman po yung team, yung composite team ng DTI, at ng PNP, NBI,” Lopez said. 

Meanwhile, the Trade Secretary encourage consumers not to patronize unregistered online sellers on social media, buy only on major platforms like Lazada, Shopee and Zalora. “Huwag po tayong bibili sa mga hindi natin kilala, o nagbebenta lang sa Facebook o Instagram,” he said.

He further said that consumers better off buying on registered sellers as the department can give assistance in case they have problem with the products they bought. DTI has already received nearly 10,000 complaints this year from online sellers.

READ ALSO: Online Sellers, Freelancers are Now Required to Pay Tax- BIR

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