BIR registration is one of the major steps to take when establishing a business here in the Philippines. Not only does it make the business legal – BIR permits also prevent you from becoming a tax evader. The BIR registration process is a must for sole proprietorships, and partnerships and corporations. Here are some steps to BIR registration to remember.
Before processing the BIR registration, business owners should have already processed the following:
- DTI (sole proprietorship) or SEC (partnership and corporations) registration.
- Contract of Lease or Land Title.
- Mayor’s Permit.
Fill out the following BIR forms for your business:
- Forms 1901, 0605, and 2000 for Sole Proprietorships.
- Forms 1903, 0605, and 2000 for Partnerships.
- Forms 1903, 0605, and (2) 2000 for Corporations.
Proceed to the Revenue District Office (RDO) assigned in your area. Go to the officer of the day – they’ll assist you with the fees you need to pay upon registration. The normal fee is 500, the Documentary Stamp Tax on Subscription depends on your capital, and the Documentary Stamp Tax on Lease depends on the amount of monthly rental. Submit the following forms to the officer:
- Forms 1901, 0605, 2000, photocopy of DTI Certificate and Contract of Lease (Sole Proprietorships).
- Forms 1903, 0605, and 2000, SEC Certificate and Contract of Lease (Partnerships and Corporations).
Go to your preferred or designated bank for payments and submit the following to the teller:
- Forms 1605 and 2000 for Sole Proprietorships.
- Forms 1605 and 2000 for Partnerships.
- Forms 1605, 2000, and 2000 for Corporations.
Proceed to your RDO and submit the following:
- Forms 1901, 0605, 2000, photocopy of DTI Certificate and Contract of Lease, Photocopy of Mayor’s Permit (Sole Proprietorships).
- Forms 1903, 0605, and 2000, SEC Certificate and Contract of Lease, Photocopy of Mayor’s Permit (Partnerships and Corporations).
At this stage, you now have to wait for the release schedule of your Certificate of Registration (CoR). Do take note that some RDOs may require you to attend a seminar on filing of taxes before your CoR will be released to you, although most branches sometimes don’t require this step. Also, don’t forget to request for an “Ask for Receipt” sign.
Next steps would be the Purchasing and Registration of Books of Accounts, then the Application for Authority to Print, lastly the Printing of Receipts which will normally take about two weeks.
Receiving your receipts signifies that you have successfully survived BIR registration process, you can now proceed with your next business steps. Having this in mind, we hope you can make your registration experience inspire you to pay your taxes on time. Always remember, big or small, proper taxes paid allows our government to provide back better services to us, our families including the future of our children.
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