TAX BRIEFING

Presented by:
CLAIRE M. REGALA
Revenue Officer

Prior to start of business operation:

Requirements if you are just starting with your
1. Register your business establishment and all branch
business
offices/facilities

2.

Register your books of accounts

3.

Request for the following permits, if necessary:

a)

Authority to print/issue receipts and invoices (BIR

Form 1906)

b)

Permit to use cash register and POS machines (BIR

Form 1907)

c)

Permit to use loose-leaf books of accounts/accounting

records/documents
or
computerized
accounting
system/components thereof (BIR Form 1900)

During business operation:

Responsibilities while the business is in operation
1.

Pay annually a registration fee of P500.00 every separate or

distinct establishment or place of business on or before
January 31 (BIR Form 0605);

2.

Display the BIR Certificate of Registration, the Registration

Fee for the current year and the Notice to the Public/Ask
for Receipt orange signage in such area conspicuous to the
public view within the establishment.

3.

Use only registered cash register machines, point-of-sale

machines, and other similar devices (for those who opted to
use these machines in lieu of the registered sales
invoices/receipts).

During business operation:

Responsibilities while the business is in operation

4.

Issue registered invoices/receipts for sale of goods or

services as required and secure ATP before printing of
new receipts/invoices by presenting together with the
other requirements, photocopy of previous ATP or
photocopy
of
the
lost
receipt/invoice.
Sample Receipts and Invoices_V9_OpsMemo (3).pptx

5.

Register and maintain books of accounts in the business

premises at all times.

6.

Preserve all books of accounts for audit purposes within 3

10 years from the last day prescribed by law for the
filing of return or actual date of filing of return,
whichever comes later.

During business operation:

Responsibilities while the business is in operation
7.

Withhold taxes on compensation of employees,

and on payments subject to final and expanded
withholding tax and remit the correct tax as
withheld. RR12-2013 slides.pptx

8.

File the necessary returns and pay the

corresponding correct taxes at the time/s
required by law.

ELECTRONIC FILING OF TAX RETURNS AND PAYMENT.pptx

AMENDING FURTHER SECTION OF REVENUE REGULATION (RR.pptx
Enrolment procedures:
1. Prepare letter of intent addressed to the Revenue District Officer
and designate two (2) authorized users
2. Submit the letter to the Taxpayer Service Section
3. Access the BIR website www.bir.gov.ph and look for the efps icon
4. Click on the enrol to efps icon
5. Supply the necessary information/data on the screen
6. Receive an email from LTAS/RDO-TASS informing that their
application has been activated
7. Enrol at the bank
rmc30-2013.pptx

how to compute tax.pptx

REVENUE REGULATIONS NO 1-2012.pptx
REVENUE MEMORANDUM ORDER NO 12-2009.pptx

Example: ABC Corp has entered a contract with Mr. X on February 5, 2014.
The contract price is P500,000.00 inclusive of VAT.
Gross amount P500,000.00
VAT P53,571.43
Net amount - P446,428.57
ABC Corp Purchase of services (Summary List of Purchases)
Contractor X Sale of services (Summary List of Sales)
(Summary List of Purchases)
matched
(Summary List of Sales)

THANK YOU!!!
FOR INQUIRIES CALL
442-2328/
444-5518