REGISTRATION

REGISTRATION – Section 236 of NIRC

Employees – within ten (10) days from date of employment (BIR Form
1902)
Business – before commencement of business and payment of any tax
due
Individual BIR Form 1901
Corporation BIR Form 1903

Note: A person maintaining a head office, branch or facility shall

register with the Revenue District Office having jurisdiction over the
head office, branch or facility. For purposes of this Section, the term
“facility” may include but not limited to sales outlets, places of
production, warehouses or storage places.
REGISTRATION – Section 236 of NIRC – cont.
Annual Registration Fee - ₱ 500.00 for every separate or distinct establishment or
place of business, including facility types where sales transactions occur to be paid
upon registration for new registrant and on or before January 31 every year for old
registrant using BIR Form 0605.

Must be displayed at conspicuous place at the taxpayer’s place of business:

- Original Copies of BIR Certificate of Registration (BIR Form 2303)

- Ask for Receipt/Notice to Issue Receipt/Invoice (NIRI) and
- Annual Registration Fee (BIR Form 0605)
BOOKS OF ACCOUNTS
BOOKS OF ACCOUNTS – Section 232 of NIRC

Newly-Registered – Registration of manual books shall be

accomplished before the deadline for filing of the first quarterly
Income Tax return or the annual Income Tax return whichever
comes earlier.

Existing Business – Books to be used during the succeeding year

must be registered on/or before December 31 of the current year.
Books not yet fully used as of yearend may still be used for the
following year.
 OFFICIAL RECEIPTS,
SALES INVOICES AND
COMMERCIAL INVOICE
ISSUANCE OF OFFICIAL RECEIPTS, SALES
INVOICES AND COMMERCIAL INVOICE
– Section 237 of NIRC, amended by RA 10963
All person subject to internal revenue taxes shall for each sale or transfer
of merchandise or services rendered valued at ₱100.00 or more issue duly
registered receipts or sales or commercial invoices. Use of cash
register/POS machines whether for issuance of receipts or safekeeping
must be authorized by the RDO where the business is located. Original copy
of Permit must be posted on the cash register/POS machine.
BIR PRINTED RECEIPTS/INVOICES
The BPR/BPI shall be for the use of new business registrants and existing
registered business taxpayers whose business transactions will require the
use of not more than one booklet of fifty sets in one taxable year.
AUTHORITY TO PRINT (ATP)
Apply for an ATP together with the final clear sample of
principal/supplementary receipt/invoice to BIR Accredited Printers.
 CANCELLATION OF
REGISTRATION AND CLOSURE
OF BUSINESS / UPDATES or
CHANGE OF INFORMATION
CANCELLATION OF REGISTRATION AND CLOSURE OF BUSINESS
- Section 236 (F) & 52 (C) of the NIRC
The registration of any person who ceases to be liable to a tax type shall
be cancelled upon filing with the RDO where he is registered using BIR
Form 1905. For a corporation contemplating dissolution or reorganization
shall be within thirty (30) days render a correct return to the
Commissioner verified under oath.

UPDATES/CHANGE OF INFORMATION
BIR Form 1905 shall be accomplished and filed with the RDO where he is
registered specifying any
- correction/change/update of registration information
- change in registered address
-change/add registered activity/line business
-change in accounting period
-change/add facility type/details
-change/add incentive details/registration
-change/add tax type details/suspend tax type/re-register tax type
-change update contact type/ contact person/authorized representative
-change/update of stockholders/members/partner
-closure of business/cancellation of registration
-change of civil status
-other updates/correction
SCHEDULE OF FILING
AND PAYMENT OF
TAXES DUE
 INCOME TAX
Individual – Section 74 of the NIRC Corporation/Partnership – Section 75 of the NIRC
CALENDAR YEAR
For Individual For Corporation/Partnerships
BIR Form 1701Q & 1701 BIR Form 1702Q & 1702
1st Quarter May 15 1st Quarter May 30
2nd Quarter August 15 2nd Quarter August 29
3rd Quarter November 15 3rd Quarter November 29
Annual April 15 of the Annual April 15 of the
following year following year
Note: For Fiscal Year – The Quarterly Income Returns (1702Q) must be
filed and paid within 60 days after the end of the quarter and annual
return within 15th day of the 4th month after the end of accounting period
or taxable year.
 CORPORATE INCOME TAX RATES – CREATE LAW (RA 11534)
The higher between the “Regular” or “Minimum
Domestic Corporation Corporate Income Tax (MCIT)” rates
Regular MCIT
Rate Effectivity Rate Effectivity
Domestic corporations, in general 25% July 1, 2020 1% July 1, 2020 to
June 30, 2023

2% July 1, 2023
For corporations with net taxable income not exceeding 20% July 1, 2020 1% July 1, 2020 to
Five Million Pesos (P5,000,000) AND total assets June 30, 2023
not exceeding One Hundred Million (P
100,000,000), excluding the land on which the 2% July 1, 2023
particular business entity’s office, plant and
equipment are situated

Proprietary Educational Institutions and Hospitals 1% July 1, 2020 to Not Applicable

June 30, 2023
 WITHHOLDING TAXES
Withholding Tax – Expanded Withholding Tax – Final
BIR Form 0619-E 10 th day of the BIR Form 0619-F 10 th day of the
following month following month
BIR Form 1601-EQ not later than the last BIR Form 1601-FQ not later than the last
day of the month day of the month
following the close of following the close of
the quarter during which the quarter during
withholding was made. which withholding was
BIR Form 1604-E March 1 made.
BIR Form 1604-F
Withholding Tax – Compensation January 31
BIR Form 1601C 10 th day of the
following month
BIR Form 1604CF January 31
 BUSINESS TAXES
VALUE-ADDED TAX PERCENTAGE TAX
BIR Form 2550M 20 th day of the BIR Form 25th day after
following month 2551Q the close of
BIR Form 2550Q 25th day after the quarter
the close of the
quarter
Note: The new VAT threshold under RA 10963 is Any person whose gross sales/receipts are
₱3,000,000.00. exempt from the payment of VAT and who is
not VAT-registered shall be liable to a tax
Quarterly Summary List of Sales and Summary
equivalent of 1% of his gross quarterly sales or
List of Purchases (SLS/SLP) is due on the 25th
receipts.
day after the close of the quarter.
 VALUE ADDED TAX (VAT)

 Any person who, in the course of trade or business, sells, barters, exchanges, leases, goods or
properties, renders services, and any person who imports goods shall be subject to VAT
imposed in Sections 106 to 108 of the tax code
 Sec 106 – VAT on Sales of Goods & Properties @ VAT rate of 12% of the gross selling price or
gross value in money of goods or properties sold.
 Sec 106 – VAT on Sale of Services and Use or Lease of Properties @ VAT rate of 12 % of gross
receipts.
 Gross Annual Sales or Receipts reach or exceeds the amount of Three million pesos
(P3,000,000)
 TAX ON PERSONS EXEMPT FROM VAT
(non-VAT – Percentage Tax)
Any person whose sales or receipts are exempt under Section 109(1)(CC)
of the Tax Code from the payment of VAT, i.e., falling under the 3 Million
VAT- Exempt threshold, and who is not a VAT-registered person shall pay
a tax equivalent to three percent (3%) of his gross quarterly sales or
receipts:

Provided, that effective July 1, 2020 until June 30, 2023 or for a 3-year
period, the rate shall be one percent (1%).
PLACE OF FILING
Modes of Payment
PLACE OF FILING – Modes of Payment
Returns with Payment
For Municipalities w/ Accredited Agent Banks
Such returns shall be filed with Accredited Agent Bank or Revenue District Office or Collection
Agents.

For Municipalities w/o Accredited Agent Bank

Such returns shall be filed with Revenue Collection Agent.

Returns with No Payment

Such returns shall be filed online thru eBIR Forms on the website of BIR: www.bir.gov.ph

Note: All the returns due should be filed on or before the deadline whether there are
transactions or no
transactions within the covered period.

The taxpayers should see to it that they comply with all the registered tax types indicated in
their
Certificate of Registration to avoid the accumulation of Stopfiler cases.
Available ePayment Gateways – as per RMC No. 4-2021