BIR Further Extends Deadline of Registration for Online Businesses in the Philippines
The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) No. 92-2020, amending RMC No. 60-2020 and 75-2020, to further extend the deadline of registration for businesses engaged in digital transactions.
SCOPE
The memo covers all individuals doing business online, transacting through digital means, and obtaining revenue in the Philippines from digital sources, such as, but not limited to the following:
- Partner Sellers/Merchants
- Payment Gateways
- Delivery Channels
- Internet Service Providers
- Other facilitators
PENALTY EXEMPTION
Penalties for late registration shall not be imposed on businesses provided that the registration shall be complied upon on or before September 30, 2020.
Businesses, subject to pertinent taxes due to past transactions, who will voluntarily declare and settle their taxes due thereon prior to the said deadline shall likewise be exempted from supposed penalties due to the following reasons:
- Late filing
- Late payment
APPLICATION OF PENALTIES
Businesses, falling under the following, shall be subject to pertinent penalties:
- Ongoing activities of unregistered businesses or those with outdated requirements
- Failure to declare history of unpaid taxes
