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The CBP is an internet platform that goals to streamline and to combine the enterprise registration processes of the Securities and Trade Fee, DTI, BIR, Social Safety System, Philippine Well being Insurance coverage Corp. (PhilHealth), House Growth Mutual Fund (HDMF, also called Pag-IBIG Fund), and chosen LGUs in Metro Manila. The CBP was developed in compliance with the provisions of Republic Act 11032, or the “Ease of Doing Enterprise and Environment friendly Authorities Service Supply Act of 2018,” to determine a central system to obtain purposes and seize utility knowledge involving business-related transactions.
The next pointers shall be noticed by CBP candidates:
1. Enterprise taxpayers who’re registering by way of CBP could choose to pay their Annual Registration Price (ARF) amounting to P500 and unfastened Documentary Stamp Tax (DST) of P30 both electronically or manually.
2. Enterprise taxpayers who pay on-line by way of varied digital cost (e-Fee) channels could instantly safe their digital Certificates of Registration (COR) with a Fast Response (QR) Code to be printed in A4 measurement bond paper via CBP.
3. The digital COR issued by the CBP shall have the identical function because the signed onerous copy issued by the BIR and shall be posted along with the duly validated proof of cost of ARF within the principal workplace in a spot that’s clearly and simply seen to the general public.
4. Enterprise taxpayers who choose to pay manually shall full their enterprise registration at their respective Income District Workplace (RDO) by presenting the printed copy of the next CBP-generated paperwork, along with the “Guidelines of Documentary Necessities” (Annex “A”):
a. CBP Unified Kind (Annex “Bl” for Companies/Partnerships or “82” for Sole Proprietors);
b. Completed Tax Kind Questionnaire (Annex C); and
c. Pre-filled BIR Kind No. 0605 (Fee Kind) (Annex D).
5. All enterprise taxpayers registered beneath the CBP shall proceed instantly to the RDO indicated within the digital COR to finish their registration and shall purchase BIR-Printed Receipts/Invoices (BPR/BPI) or safe an Authority to Print (ATP) receipts/invoices earlier than they’ll have their very own receipts/invoices printed by BIR Accredited Printers.
6. Register books of accounts on or earlier than the deadline for submitting of the preliminary quarterly revenue tax return or the annual revenue tax return whichever comes earlier.
7. Any correction on the required tax returns or tax sorts on the electronically issued COR from the CBP shall require updates by the taxpayer with the involved RDO. The latter shall then assessment the registered tax and type kinds of the involved enterprise taxpayer within the Inner Income Built-in System – Taxpayer Registration System (IRIS-TRS), make needed updates, if any, and change the COR, if needed, upon the issuance of the BPR/BPI or ATP, whichever is relevant.
Please be guided accordingly.
Supply:
P&A Grant Thornton
Licensed Public Accountants
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