BIR extends business registration deadline for online sellers to Sept. 30

The Bureau of Internal Revenue (BIR) is giving more time for online sellers, or those conducting digital or electronic business transactions, to comply with its business registration requirement.

In its Revenue Memorandum Circular (RMC) No. 92-2020, issued September 1, the BIR extended the deadline anew for business registration of those into digital transactions to September 30, 2020.

To recall, the taxman issued RMC No. 75-2020, which earlier extended the July 31, 2020 deadline stated in RMC No. 60-2020 to August 31, 2020.

“It was noted, however, that there is a surge of registrants in various revenue district offices that are trying to beat the deadline,” the agency said.

“Considering this and the Bureau's resource constraints at this time of quarantine protocols due to the COVID-19 pandemic, the deadline is further extended to September 30,2020,” it said.

READ: Bureau of Internal Revenue extends deadline for business registration of those into digital transactions or “one sellers” until September 30, 2020. pic.twitter.com/LZSHACsN3Y

— Ted Cordero (@Ted_Cordero) September 2, 2020

“All those already into digital or online transactions are advised to register their business activity on or before the stated date and no penalty shall be imposed for late registration,” the BIR said.

“These taxpayers who have prior transactions subject to pertinent taxes are also encouraged to voluntarily declare the same and pay the taxes due thereon, with no penalty for late filing and late payment, provided the same is done on or before the extended due date above,” it added.

The RMC 60-2020, dated June 1, notified “all persons doing business and earning income in any manner or form, specifically those who are into digital transactions through the use of any electronic platforms and media, and other digital means, to ensure that their businesses are registered pursuant to the provisions of Section 236 of the Tax Code, as amended, and that they are tax compliant.”

The order covers partner sellers or merchants, as well as other stakeholders such as payment gateways, delivery channels, internet service providers, and other facilitators.

“It is reminded that all those who will be found later doing business without complying with the registration/update requirements, and those who failed to declare past due taxes/unpaid taxes shall be imposed with the applicable penalties under the law, and existing revenue rules and regulations,” the BIR said. — BM, GMA News