This is AI generated summarization, which may have errors. For context, always refer to the full article.
The Philippine Tax Whiz discusses clarifications regarding registration-related procedures under Revenue Memorandum Circular No. 91-2024 of the Bureau of Internal Revenue
Since registering with the BIR is required before starting a business, how does the BIR know when a business has started operations?
Under the BIR, the start of business operations can count if the following has happened, whichever comes first:
- When the first sale transaction occurs; or
- Upon the lapse of 30 calendar days from the issuance of the following documents:
- Mayor’s Permit/ Professional Tax Receipt (PTR)/ Occupational Tax Receipt (OTR) by LGU; or
- For individuals: Certificate of Business Name Registration (CBNR) by DTI; or
- For corporations: Certificate of Registration (COR) by SEC
If any of the above has occurred, then it counts for your business having commenced, and therefore taxable. If you don’t have the time to go to the nearest Revenue District Office (RDO) you can do the registration online via the following platforms:
My SEC business name has been registered with the BIR, but my store name in the platform I operate in is different from the name in the SEC Registration. Do I need to reflect this change with the BIR as well?
Yes, taxpayers should register to the BIR all of their business/trade names as registered in DTI or SEC, and their “store names” used in all their online page, account, website, or e-commerce platforms which shall be reflected as business name in the COR.
Do I have to register my books of account with the BIR? Or is this only for when there’s an audit?
Yes, you have to register your books of accounts. For manual books, these have to be filed before filing your quarterly/annual returns, while bound loose-leaf books are registered within 15 days after the end of the fiscal year, and computerized account books registered after 30 days.
The QR Code Stamp serves as proof of registration. Paste it on the first page of manual and loose-leaf books, and print it for computerized books. No RDO visit is required after registering under ORUS unless specified.
I’m going to move my business to another Revenue District Office (RDO) or change my business address in the same tax jurisdiction. How is the transfer done?
Firstly, if you are a person who is not engaged in business, like employees or those who have a tax identification number for one-time tax transactions, you will have to submit two copies of your BIR Form No. 1905 to the new RDO.
If changing your business address, but still in the same jurisdiction, here are the requirements below.
- BIR Form No. 1905 (2 original copies)
- Mayor’s Permit/DTI Certificate/SEC COR or Form for Appointment of Officers (in case of One Person Corporation) bearing the new business address (1 photocopy)
- Letter Request for temporary use of old invoices/supplementary invoices (for business taxpayers), if applicable (1 original copy)
For those who are transferring their business registration to another RDO (either head office or branch), the infographic below shows what you need to submit.
The information provided in the article above is for general knowledge and information. If you have any thoughts, questions, or want to discuss the topic further in how it affects your business, CONSULT ACG at [email protected]. We’re always happy to hear from you! – Rappler.com
