REMINDERS TO ALL BUSINESS TAXPAYERS

By: TAX ACCOUNTING CORPORATE CONSULTANTS, INC.  08/24/2014
Keywords: Accounting & Bookkeeping Services, Accountancy Services, tax consulting

A. Things to do prior to the start of business operation: 1) Register your establishment and all branch offices/facilities with the Revenue District Office having jurisdiction over your place of business, (BIR Forms 1901/1903) and thereafter display in a conspicuous place within the establishment the Certificate of Registration (BIR Form 2303). A Registration fee of P500.00 shall be paid upon registration using BIR Form 0605. For particulars of the BIR business requirements, please refer to Sec.236 of the 1997 Tax Code, RMO 11-2008. 2) Register Books of Accounts as provided in Revenue Memorandum Circular No. 82-2008. Manual Books of Accounts previously registered but whose pages are not fully exhausted can still be used for the succeeding year without the need for re-registering or re-stamping. The registration of the new set of manual books of account shall only be at the time when the pages of the previously registered books have all been exhausted. 3) Request the following permits: a) Authority to Print Receipts and Invoices using BIR Form 1906, and thereafter post a notice on the issuance of receipts/invoices (Ask for Receipts) in the business premised pursuant to RR11-2008. b) Authority to use cash register and POS machines (BIR Form 1907) as required under RR 10-99, which likewise mandates all taxpayer who are granted permits BEFORE the effectivity of the Regulations to re-apply for a new permit; if applicable c) Authority to use loose leaf books of accounts/accounting records/documents or computerized accounting system/components thereof (BIR Form 1900) pursuant to RMC 13-82 & RMO 29-2002; if applicable. MINIMUM PENALTY PER VIOLATION: P1,000

Keywords: Accountancy Services, Accounting & Bookkeeping Services, tax consulting

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