Tax Notes

Streamlined requirements for BIR applications

REPUBLIC Act (RA) 11032, otherwise known as the Ease of Doing Business and Efficient Government Service Delivery Act of 2018, mandates all offices and agencies providing government services to regularly undergo evaluation and improvement of their transaction systems and procedures and re-engineer the same if deemed necessary in order to mitigate undue regulatory burden and costs to the agencies and the applicants or requesting parties.

To align BIR’s efforts with RA 11032, Revenue Memorandum Circular (RMC) 57-2020 has been issued to update policy and revise checklist of documentary requirements for business registration and other types of applications.

The streamlined documentary requirements for the following BIR applications are as follows:

Applications or requests with incomplete requirements will not be processed.

For the complete list of updated documentary requirements, refer to the Annexes A1 to A11 of RMC 57-2020 in the BIR website (https://www.bir.gov.ph/).

Source: P&A Grant Thornton Certified Public Accountants

 

As published in SunStar Cebu, dated 08 July 2020