Publications


Tax Digest
Volume 9,
Series 54
Reiteration of Business Registration Process and Policies in Line with Ease of Doing Business

Business-minded people should be aware of the latest Revenue Memorandum Circular no. 43-2016 of the Bureau of Internal Revenue. It is entitled “Reiteration of Business Registration Processes and Policies in line with Ease of Doing Business” and was released last April 7, 2016.

Under the new RMC, printing and issuing of receipts and the registration of the manual of book of accounts should be done within eight working hours or in one day only. Provided that all of the requirements (eg forms) submitted were already completed and ready to be processed. In case the taxpayers don’t have the manual receipts, they may also use the Cash Register Machines or Point of Sales Machines. These can be bought in any BIR accredited distributor or supplier, provided that it has a Permit to accredited distributor or supplier, provided that it has a Permit to Use certificate. The required forms for this transaction are posted in the BIR website,under the downloadable section, which can be printed and filled up. As for the Annual Registration Fee, it can be paid through mobile or other e-Payment modes.

Revenue Memorandum Circular No. 43-2016, April 7, 2016
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