BIR – Capiz reminds online sellers to register by July 31
ROXAS CITY, Capiz, July 27 (PIA) – The Bureau of Internal Revenue (BIR) Revenue District Office No. 72 is calling on online sellers in the province to register on or before July 31 to become legitimate online entrepreneurs.
The directive is embodied in the BIR Revenue Memorandum Circular No. 60-2020 which underscores the obligations of persons conducting business transactions through any forms of electronic media and notice to unregistered businesses.
It is in line with the BIR’s “Legally Engaged Goal Oriented Individual/Non – Individual Taxpayer” or LEGIT campaign.
“All those who will register their business activity and/or update their registration status not later than July 31, 2020 shall not be imposed with penalty for late registration,” said the circular.
The order shall include not only partner sellers or merchants but also other stakeholders involved such as the payment gateways, delivery channels, internet service providers and other facilitators.
The RDO will impose applicable penalties under the law and existing revenue rules and regulations to those who will be found later doing business without complying with the registration/update requirements as well as those who failed to declare past due/unpaid taxes.
Concerned online sellers must register with their respective RDOs. (JBG/AAL/PIA Capiz)