Deadline for online business registration extended to August 31

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The Bureau of Internal Revenue (BIR) extended the deadline for online business registration until August 31.

BIR issued Revenue Memorandum Circular (RMC) No. 75-2020 on Wednesday, which pushed the deadline to another month.

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The taxman stated in the said circular that the July 31, 2020 deadline stated in the RMC No. 60-2020 “for registration of the business activity and/or updates with no penalty imposition is hereby extended to August 31, 2020.”

“In addition, those who shall voluntarily declare their past transactions subject to pertinent taxes and pay the taxes due thereon when declared and paid on or before the said date shall not be subject to the corresponding penalty for late filing and payment,” the RMC 75-2020 read.

“All persons doing business and earning income in any manner or form, specifically those who are into digital transactions through the use of any electronic platforms and media, and other digital means, to ensure that their businesses are registered pursuant to the provisions of Section 236 of the Tax Code, as amended, and that they are tax compliant,” the circular added.

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The circular covers partner sellers or merchants, as well as other stakeholders such as payment gateways, delivery channels, internet service providers, and other facilitators.

BIR also encouraged online sellers to “voluntarily declare their past transactions.”

Also read: Online sellers with less than 250K annual revenue exempted from tax, registration

Deadline for online business registration extended to August 31

How to Register Online Business under BIR

  • The Certificate of Registration (COR) shall be issued to those engaged in business upon compliance with requirements as follows:
    Requirements

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    IndividualsNon-Individuals
    1. Fill up Registration FormBIR Form No. 1901 (2 originals)BIR Form No. 1903 (2 originals)
    2. Present any government-issued ID that is readable and untamperedE.g. Birth Certificate, Passport, Driver’s License, etc.As applicable: SEC Certificate of Incorporation; or SEC Certificate of Recording; or License to Do Business in the Philippines
    3. Other documents requiredDTI Certificate (if with business name)Articles of Incorporation; or Articles of Partnership
    4. Payments to the New Business Registrant Officer (NBRO) posted in the New Business Registrant Counter (NBRC)Registration Fee (P500.00) and loos Documentary Stamp Tax for affixture to COR (P30.00)Registration Fee (P500.00) and loos Documentary Stamp Tax for affixture to COR (P30.00)
    5. Secure BIR Printed Receipts (BPR)/BIR Printed Invoices (BPI) or the Authority To Print (ATP)(BPR/BPI- depending on the printing cost per RDO or ATP- own choice of printer from list of accredited printers(BPR/BPI- depending on the printing cost per RDO or ATP- own choice of printer from list of accredited printers

    Source: https://www.bir.gov.ph/index.php/revenue-issuances.html

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