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.
BIR Business Registration Philippines
The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) No. 60-2020 emphasizing the required compliance of businesses transacting through digital means. The circular highlights the obligations of online businesses, under the provisions of Section 236 of the Tax Code, to secure registration and tax compliance with BIR.