I. PRIOR TO THE START OF BUSINESS OPERATION
1.Register your business establishment and all branch offices/facilities with the BIR.
2.Pay the registration fee.
3.Register your books of accounts.
4.Request for the applicable permits:
a.Authority to print/issue receipts and invoices (BIR Form 1906)
b.Permit to use cash register and POS machines (Form 1907)
c.Permit to use loose-leaf books of accounts/accounting records/ documents or computerized accounting system (Form 1900)
II.Responsibilities of a taxpayer while the business is in operation
1.Pay annually a registration fee of Php 500.00 for every separate or distinct establishment or place of business on or before January 31 of each year (Form 0605).
2.Display the Original BIR Certificate of Registration and the BIR Ask for Receipts signage in such area conspicuous to the public.
3.Post/exhibit the duly validated Registration fee return and proof of payment.
4.Issue registered invoices/receipts for sale of goods or services.
5.Register and maintain books of accounts in the business premises at all times.
6..Preserve all books of accounts for audit purposes within ten (10) years from the last day prescribed by law for the filing of return or actual date of filing of return, whichever comes later.
7.Withhold taxes on compensation of employees, and payments subject to final and expanded withholding tax and remit the correct tax as withheld.
8.File the necessary returns and pay the corresponding taxes at the time/s required by law.
III.RETIREMENT/CLOSURE/CESSATION OF BUSINESS OPERATION:
1.Notify the RDO by accomplishing BIR Form 1905 and submit together the following requirements:
1.Letter request for cessation of registration
2.Surrender existing (original) BIR Certificate of Registration
3.Inventory list of unused invoices and receipts
4.Bring the unused invoices/receipts for cancellation
5.Dissolution papers e.g. Board Resolution, bankruptcy declaration.
6.Other requirements deemed necessary.
1.Register your business establishment and all branch offices/facilities with the BIR.
2.Pay the registration fee.
3.Register your books of accounts.
4.Request for the applicable permits:
a.Authority to print/issue receipts and invoices (BIR Form 1906)
b.Permit to use cash register and POS machines (Form 1907)
c.Permit to use loose-leaf books of accounts/accounting records/ documents or computerized accounting system (Form 1900)
II.Responsibilities of a taxpayer while the business is in operation
1.Pay annually a registration fee of Php 500.00 for every separate or distinct establishment or place of business on or before January 31 of each year (Form 0605).
2.Display the Original BIR Certificate of Registration and the BIR Ask for Receipts signage in such area conspicuous to the public.
3.Post/exhibit the duly validated Registration fee return and proof of payment.
4.Issue registered invoices/receipts for sale of goods or services.
5.Register and maintain books of accounts in the business premises at all times.
6..Preserve all books of accounts for audit purposes within ten (10) years from the last day prescribed by law for the filing of return or actual date of filing of return, whichever comes later.
7.Withhold taxes on compensation of employees, and payments subject to final and expanded withholding tax and remit the correct tax as withheld.
8.File the necessary returns and pay the corresponding taxes at the time/s required by law.
III.RETIREMENT/CLOSURE/CESSATION OF BUSINESS OPERATION:
1.Notify the RDO by accomplishing BIR Form 1905 and submit together the following requirements:
1.Letter request for cessation of registration
2.Surrender existing (original) BIR Certificate of Registration
3.Inventory list of unused invoices and receipts
4.Bring the unused invoices/receipts for cancellation
5.Dissolution papers e.g. Board Resolution, bankruptcy declaration.
6.Other requirements deemed necessary.