BIR Extends the Deadline of Business Registration for Online Sellers in the Philippines
BIR Deadline Business Registration

New Procedures for Claiming Tax Treaty Benefits for Dividends, Interest, and Royalty Income

The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) No. 75-2020 amending the deadline stated under RMC 60-2020 on the registration of business and/or updating of the registration status of all persons doing business and earning income through digital transactions across electronic platforms.

DEADLINE OF BUSINESS REGISTRATION

BIR Business Registration

COVERAGE OF THE CIRCULAR

The following shall ensure business registration and tax compliance:

  • Partner sellers/merchants
  • Stakeholders involved:
    • Payment Gateways
    • Delivery Channels
    • Internet Service Providers
    • Other Facilitators

EXEMPTION FROM PENALTY

Online merchants shall be exempted from paying penalties due to late filing and payment provided that they complied with any of the following:

  • Voluntary declaration of past transactions
  • Paid the due taxes upon declaration
  • Paid on or before the deadline

IMPOSITION OF PENALTY

Applicable penalties shall be imposed to sellers transacting via digital means for the following reasons:

  • Found later doing business without complying with the registration/update requirements
  • Failed to declare past due taxes/unpaid taxes
BIR Deadline Business Registration

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