Guidelines in business registration processes were provided to newly registered business taxpayers, simultaneous with the aim to promote ease of doing business in the Philippines through the BIR issued Revenue Memorandum Circular (RMC) No. 43-2016 on April 7, 2016.
Issuance of certificate of registration, the application for authority to print, receipts or invoices and the registration of manual books of accounts can be processed simultaneously within one (1) day or within eight (8) working hours provided that the complete documentary requirements are submitted to BIR. All registration forms are available for download at the BIR website and annual registration fee can be paid via manual payment in any authorized bank or ePayment.
The newly registered business taxpayers may apply for the permit to use cash register machine or point of sale machine in lieu of manual receipts or invoices. Likewise, computerized accounting system and/or computerized books of accounts in lieu of manual books can also be applied for provided that these were from the accredited BIR suppliers. These taxpayers may still secure the manual receipts or invoices after the primary registration with BIR for use in case of system downtime or technical problems.
To reduce processing time in registering the business, this circular is mandatory to all the BIR district offices. The requirements must be submitted to complete the taxpayer’s business registration and it is the responsibility of the BIR district offices to ensure that these registration certificates or permits will be issued upon the commencement of taxpayer’s business.