Contact Information

The DMG Center, D.M. Guevara St.,
Mandaluyong City,1550

We Are Available 24/ 7. Call Now.

The Bureau of Internal Revenue (BIR) has extended the deadline for registration of online businesses to September 30, 2020.

This is second extension that the agency issued due to “a surge of registrants in various revenue district offices that are trying to beat the deadline,” according to the Revenue Memorandum Circular (RMC) No. 92-2020.

“Considering this and the BIR’s resource constraints at this time of quarantine protocols due to the COVID-19 pandemic, the deadline is further extended to Sept. 30, 2020,” Internal Revenue Commissioner Caesar Dulay added.

Related: Business Registration Guide: How to Register your Online Business

On the other hand, The BIR clarified that small online sellers or those who earn P250,000 and below annually are exempted from registering their business.

Businesses that will fail register on time will face penalties, the agency warned.

“Business without complying with the registration/update requirements and those who failed to declare past due taxes /unpaid taxes shall be imposed with the applicable penalties under the law, and existing revenue rule and regulations.”

Jumpstart your business with RFC Working Capital Loan
RFC seals partnership with MoneyMax to push financial inclusion to Filipinos

Share:

administrator

Leave a Reply

Your email address will not be published. Required fields are marked *