The BIR issued Revenue Memorandum Circular (“RMC”) No. 092-20 which extends the deadline for the registration of entities engaged in what the BIR considers as “digital transactions” to 30 September 2020. Taxpayers who meet the deadline are granted a BIR waiver on penalties imposable for late registration. The BIR also waived the imposition of penalties on the tax liabilities of taxpayers who have engaged in business without the benefit of tax registration if such taxpayers report and settle their taxes prior to 30 September 2020.
The BIR had previously issued RMC No. 06-20 in 1 June 2020 to incentivize taxpayers engaged in the sale of goods and services through the use of 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. The original deadline was 31 July 2020. This was subsequently extended to 31 August 2020 by RMC No. 075-20 and then by RMC No. 092-20 as discussed above.
Through the above tax registration and compliance program, the BIR will issue a Certificate of Registration (“COR”) upon compliance with the following:
|1. Fill up Registration Form||BIR Form No. 1901 (2 originals)||BIR Form No. 1903 (2 originals)|
|2. Present any government-issued ID that is readable and untampered||e.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 required||DTI 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 loose Documentary Stamp Tax for affixture to COR (P30.00)||Registration Fee (P500.00) and loose 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 the list of accredited printers||BPR/BPI — (depending on the printing cost per RDO or ATP — own choice of printer from the list of accredited printers|
Partner, Ocampo & Suralvo Law Offices
The information provided here is for information purposes only, and is not intended to constitute legal advice. Legal advice should be obtained from qualified legal counsel for all specific situations