[Ask The Tax Whiz] BIR Business Registration: What to know?

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 20 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 86%

Bureau Of Internal Revenue News

E-Commerce,Taxes,Business

The Philippine Tax Whiz discusses the regulations regarding the mandatory registration for persons engaging in businesses, whether brick-and-mortar stores or online trade, pursuant to Revenue Regulations 15-2024

This is AI generated summarization, which may have errors. For context, always refer to the full article.

On the other hand, failure to register the head office or branch has a stiffer penalty, starting at P5,000 for micro taxpayers, P15,000 for small taxpayers and P20,000 for medium and large taxpayers. E-commerce or online businesses, whether formal or informal, including sale, procurement, or availment of physical or digital goods, digital content/products, digital financial services, etc.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines