Results 1 to 4 of 4
  1. #1
    Chief viclogic's Avatar
    Join Date
    Jul 2011
    Location
    In the Philippines
    Posts
    636
    Thanks
    23
    Thanked 65 Times in 63 Posts

    Penalty for failure to register business with the BIR

    How much is the penalty if you started business operation but you fail to register your business with the Bureau of Internal Revenue (BIR)? According to Revenue Memorandum Order No. 19-2007 issued on August 10, 2007, which prescribes the Consolidated Revised Schedule of Compromise Penalties for violations of the National Internal Revenue Code (NIRC), the criminal penalty and the amount of compromise penalty imposed for not registering a business with the BIR are as follows:

    Criminal penalty imposed:
    Fine of not less than P5,000 but not more than P20,000 and imprisonment of not less than 6 months but not more than 2 years.

    Amount of compromise:
    If the subject establishment is located in the ff:
    a. Cities 20,000*
    b. 1st class municipalities 10,000*
    c. 2nd class municipalities 5,000*
    d. 3rd class municipalities 2,000*
    * Penalties provided are inclusive of all other violations

    Source: ftp://ftp.bir.gov.ph/webadmin1/pdf/36076Annex%20A.pdf
    Read business and other related articles at BusinessTips.Ph
    Submit your business listing for free at BusinessDirectory.Ph

  2. #2
    New Member
    Join Date
    Aug 2013
    Posts
    3
    Thanks
    0
    Thanked 0 Times in 0 Posts
    hi, if a business is not BIR Registered, is it possible to issue own receipt, with business name and address printed on it (this is DTI Registered), with TIN(the one used as an employee) ?

  3. #3
    Moderator laurence's Avatar
    Join Date
    Jul 2013
    Location
    Philippines
    Posts
    148
    Thanks
    14
    Thanked 12 Times in 11 Posts
    Official Receipts and Invoices should be registered with the BIR by getting an ATP (Authority to Print) receipts or invoices. You cannot have an Official receipts/invoices if you will not register your business first with the BIR. There are also penalties for businesses who are issuing unauthorized receipts/invoices. Hence, I recommend that you register your business with the BIR to have official and authorized receipts/invoices.
    entreb.com - Your entrepreneurship and business resource online

  4. #4
    New Member
    Join Date
    Aug 2013
    Posts
    3
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Thanks for the reply..

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •