BlogBank Blog

Like what Jayvee mentioned in our previous post, we have been busy processing our data to produce our earnings for previous campaigns. Earlier today, we finally have the earnings for 11 of our past campaigns and you can view it under the earnings tab for your account.

This is probably the biggest payment we will be releasing as one batch, the 11 ad campaigns helping 50 of our bloggers to reach the 2,000 peso mark required for the issuance of checks. As it stands now, we are set to release a gross amount around 420,000 pesos as payments for these bloggers.

Before we actually write your checks though, we need to account for taxes as required by the law. I must admit, this isn’t the fun part of the process. Depending on your financial status, each blogger/publisher will be deducted a 10% or 15% tax. If you are earning below 720,000 pesos a year, you qualify for the much lower 10% tax. You just need to send us an affidavit stating such and we’ll only deduct (and remit) 10%. We do have an affidavit template and we’ll be putting this up under your account; download, print and sign, have it notarized and send us the original copy.

If you’d rather not apply for the lower tax or if you’re earning more than 720k, let us know right away and we’ll have your check ready at the soonest time possible.

Now why are you still reading this? Go lookup your account and see if you’ve reached 2,000 pesos. You just might have reached it this time. And don’t forget to invite your friends to apply for the BlogBank.

This entry was posted on Friday, March 20th, 2009 at 12:09 am and is filed under News.