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

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Bureau Of Internal Revenue Nyheter

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.

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