InTAX: February 2021 Issue 2 | Volume 1

InTAX is an official publication of R.G. Manabat & Co.'s Tax Group

InTAX is an official publication of R.G. Manabat & Co.'s Tax Group

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Bureau of Internal Revenue

 

The Bureau of Internal Revenue (BIR) issued the following:

Revenue Memorandum Circular (RMC) No. 13-2021, 27 January 2021, to publish the availability of the BIR Mobile Taxpayer Identification Number (TIN) (Verifier Application). The Verifier Application is a service channel for taxpayers to send online TIN validation requests and inquiries using their mobile phones and receive real-time responses from the concerned BIR Office.

RMC No. 14-2021, 12 January 2021, clarifies the effectivity date of Revenue Memorandum Order (RMO) No. 47-2020.  RMO 47-2020 updated the list of documentary requirements for processing of VAT refund claims pursuant to Section 112 of the Tax Code, as amended.

The RMC clarified that taxpayers and revenue officials affected by the said RMO shall observe the following in the filing and processing of VAT refund claims:

Filing Date

Applicable Guidelines

Prior to 19 January 2021

RMC No.47-2019 and RMO No. 25-2019

On or after 19 January 2021

RMO No. 47-2020

 

RMC No. 15-2021, 27 January 2021, to announce the availability of the Central Business Portal (CBP). The CBP is an online system which serves as a central system to receive applications and capture data involving business-related transactions from different government agencies (SEC, BIR, SSS, Philhealth and Pag-ibig) and a platform that will promote the use of the electronic payment systems for the said agencies.

The CBP has the following features/functionalities:

  1. Registration of Corporations with the Securities and Exchange Commission (SEC) and issuance of the corresponding Company Registration Number (CRN);
  2. Issuance of TIN of new corporations;
  3. Identification of the national internal revenue taxes which the new corporation will be liable for;
  4. Payment of the Annual Registration Fee (ARF) of five hundred pesos (P500.00) and Loose Documentary Stamp Tax (DST) of thirty pesos (P30.00) through the ePayment facilities or manually at the Revenue District Office (RDO);
  5. Generation of BIR electronic Certificate of Registration (COR) which can be printed in A4 paper size by the taxpayers at their end. The electronic COR will bears a Quick Response (QR) Code that serves as a security feature to prove authenticity of the COR.

After securing the BIR electronic COR through the CBP, the taxpayer shall proceed to the RDO indicated in the electronic COR, to purchase its BIR Printed Receipts/Invoices (BPR/BPI) in order to start its business operation immediately after its registration. Otherwise, the corporation may apply for an Authority to Print (ATP) its own receipts/invoices and have these printed by BIR Accredited Printers.

 

 

Attached are the full texts of the issuances.

Revenue Memorandum Circular No. 13-2021 Annex

Revenue Memorandum Circular No. 13-2021

Revenue Memorandum Circular No. 14-2021

Revenue Memorandum Circular No. 15-2021

Revenue Memorandum Circular No. 15-2021 Annex A

Revenue Memorandum Circular No. 15-2021 Annex B

Revenue Memorandum Circular No. 15-2021 Annex C

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