Tax Notes: Central business portal for online registration of all types of business now available

·3 min read

The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) 61-2022, announcing the expansion of the Central Business Portal (CBP) to include the Department of Trade and Industry (DTI) and additional Local Government Units (LGUs) in the online processing of business registration.

The CBP is an online platform that aims to streamline and to integrate the business registration processes of the Securities and Exchange Commission, DTI, BIR, Social Security System, Philippine Health Insurance Corp. (PhilHealth), Home Development Mutual Fund (HDMF, also known as Pag-IBIG Fund), and selected LGUs in Metro Manila. The CBP was developed in compliance with the provisions of Republic Act 11032, or the “Ease of Doing Business and Efficient Government Service Delivery Act of 2018,” to establish a central system to receive applications and capture application data involving business-related transactions.

The following guidelines shall be observed by CBP applicants:

1. Business taxpayers who are registering through CBP may opt to pay their Annual Registration Fee (ARF) amounting to P500 and loose Documentary Stamp Tax (DST) of P30 either electronically or manually.

2. Business taxpayers who pay online through various electronic payment (e-Payment) channels may immediately secure their electronic Certificate of Registration (COR) with a Quick Response (QR) Code to be printed in A4 size bond paper thru CBP.

3. The electronic COR issued by the CBP shall have the same purpose as the signed hard copy issued by the BIR and shall be posted together with the duly validated proof of payment of ARF in the principal place of business in a place that is clearly and easily visible to the public.

4. Business taxpayers who opt to pay manually shall complete their business registration at their respective Revenue District Office (RDO) by presenting the printed copy of the following CBP-generated documents, together with the “Checklist of Documentary Requirements” (Annex “A”):

a. CBP Unified Form (Annex “Bl” for Corporations/Partnerships or “82” for Sole Proprietors);

b. Accomplished Tax Type Questionnaire (Annex C); and

c. Pre-filled BIR Form No. 0605 (Payment Form) (Annex D).

5. All business taxpayers registered under the CBP shall proceed immediately to the RDO indicated in the electronic COR to complete their registration and shall buy BIR-Printed Receipts/Invoices (BPR/BPI) or secure an Authority to Print (ATP) receipts/invoices before they can have their own receipts/invoices printed by BIR Accredited Printers.

6. Register books of accounts on or before the deadline for filing of the initial quarterly income tax return or the annual income tax return whichever comes earlier.

7. Any correction on the required tax returns or tax types on the electronically issued COR from the CBP shall require updates by the taxpayer with the concerned RDO. The latter shall then review the registered tax and form types of the concerned business taxpayer in the Internal Revenue Integrated System - Taxpayer Registration System (IRIS-TRS), make necessary updates, if any, and replace the COR, if necessary, upon the issuance of the BPR/BPI or ATP, whichever is applicable.

Please be guided accordingly.

Source:

P&A Grant Thornton

Certified Public Accountants

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