Streamlining Business Registration Process & Requirements Update
This circular aims to streamline the business registration process by amending the documentary requirements for each type of application. It includes revised checklists, steps for registration, and issuance of the Certificate of Registration. The process involves applying with complete documentation, paying the annual fee, and receiving the Certificate of Registration with auto-approved Authority to Print for initial receipts/invoices.
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Presentation Transcript
SUBJECT : Streamlining the Business Registration Process and Documentary Requirements by Further Amending the List of Documentary Requirements for the Registration of Each Type of Application under Annex A of Revenue Regulations (RR) No. 7- 2012, as Clarified Under Revenue Memorandum Circular (RMC) No. 70-2013 and RMC No. 20-2016.
This Circular is being issued to streamline the following: 1. Primary and Secondary registration requirements amending the list of documentary requirements of each type of application as published as Annex A of RR No. 7-2012 dated April 2, 2012 as clarified under RMC No. 70-2013 and RMC No. 37-2016.
The revised checklist of documentary requirements herein as Annexes A1-A11 included the acknowledgement of the applicant on the identified lacking documents for completion to facilitate the processing of application. 2. Steps for the registration of business in the Bureau of Internal Revenue to be implemented as follows:
STEP PROCESS Apply for Registration [ with complete documentaryrequirements (Annexes A1-A11 )] Pay Annual Registration Fee [thru Mobile Revenue Collection Officers System (mRCOs). Authorized Agent Banks, Revenue Collection Officer or Gcash] Get Certificateof Registration with auto- approved Authority to Print (ATP) for initial principal receipts/invoices 1 2 3
The receipts/invoices is only applicable to newly registered business taxpayer. However, subsequent application for receipts/invoices shall be processed in accordance with the procedures specified under existing issuances. auto-approved ATP for initial principal
