Department of Trade and Industry (DTI) said Tuesday online barter is illegal and violates tax laws.
Trade Secretary Ramon Lopez said during the Laging Handa public briefing that barter-trading is only allowed in “very limited” Mindanao areas, but it is prohibited in the rest of the country.
Lopez said barter-trading is allowed in Sulu and Tawi-Tawi according to an executive order issued by the President, particularly Executive Order No. 64 signed in 2018.
“Ang barter trade ho ay allowed po iyan doon po sa mga limited places sa Mindanao dahil po sa nature po ng … iyong mga lugar doon na kailangan ma-improve iyong livelihood, iyong mga hanapbuhay po lalo na sa tabi ng dagat,” the Trade chief said.
“Pero po sa ibang lugar ay hindi po allowed iyong barter trade. At saka kailangan ho, ano pa, iyong regular transaction tayo diyan at saka dapat ho ay may tax na binabayaran,” Lopez added.
(But barter trade is not allowed in other areas. And the regular transaction there and they should pay taxes.)
The DTI chief said then said the government would implement a crackdown of those engaging in illegal online barter trading.