Registration of Companies in the Bureau of Internal Revenue

Bureau of Internal Revenue or BIR is an agency under the Department of Finance. They are responsible for the collection of revenue taxes and imposition of penalties.

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what type of company needs to be registered with bir?

All companies that want to establish their business in the Philippines are required to register with various government agencies including the Bureau of Internal Revenue before they are allowed to operate. Registration with the BIR will subject the entity to any internal revenue tax.

bir requirements

The Bureau of Internal Revenue conducts a thorough review of the SEC documents to prove its authenticity and compliance with Philippine laws and regulations making it a general requirement.

Last June 25, 2020, the BIR issued Revenue Memorandum Circular No. 57-2020 (RMC 57-2020) entitled “Streamlining of Business Registration Requirements and Revised Checklist of Documentary Requirements” to inform all concerned businesses with the revision of the documentary requirements for the business registration removing the business permit as part of the requirements.

Additional requirements might be asked depending on the nature of your business.

when do i need to register with the bir?

You have thirty (30) days to have your business registered with the BIR to avoid penalties and for your business to start its operations.

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Need help in registering your business at the BIR?

Reach out to us to schedule an appointment with our Sales Team and let's talk about your business plans in the Philippines.

Here are more useful information to further understand Jumpstarters Manila's accounting services 

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Summary of Monthly and Quarterly Tax Compliance Services

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The Deductible Expenses for the Corporations in the Philippines

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Income Taxation of Corporations in the Philippines

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8% Preferential Tax Rate for Self-Employed in the Philippines

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The Overview of the Business Taxes in the Philippines