BIR PROCESS FLOW FOR PROFESSIONALS

BIR PROCESS FLOW FOR PROFESSIONALS

Learn How.

“Professionals” ?Who are the

self-employed

“Professionals” ?Who are these

self-employed

refers to an individual or a group, practicing his or their profession or calling, with or without license under a regulatory body.

“Professionals” ?Who are these

Doctors

DoctorsLawyers

DoctorsLawyers

Experts

DoctorsLawyers

ExpertsConsultants

DoctorsLawyers

ExpertsConsultants

Freelance Agents

DoctorsLawyers

ExpertsConsultants

Freelance AgentsAdvisers

DoctorsLawyers

ExpertsConsultants

Freelance AgentsAdvisers

Individual Sellers

and many more

To those Professionals who would want to register their

own business,

To those Professionals who would want to register their

own business,prefer to have their own receipt for every business transaction,

To those Professionals who would want to register their

own business,prefer to have their own receipt for every business transaction,

But does not know how,

Here’s the step by step procedures mandated by

the Bureau of Internal Revenue

 (BIR) regarding the requirements for proper

registration.

BIR Campaign says,

“I LOVE THE PHILIPPINES, I PAY MY TAXES RIGHT.

BIR Campaign says,

“I LOVE THE PHILIPPINES, I PAY MY TAXES RIGHT.

IT’S AS EASY AS

BIR Campaign says,

“I LOVE THE PHILIPPINES, I PAY MY TAXES RIGHT.

IT’S AS EASY AS

Register, File &

Pay

Register

Step 1. Secure BIR Certificate of Registration Requirements:

Step 1. Secure BIR Certificate of Registration Requirements:

1.Properly filled up BIR form 19012.Photocopy of PTR (Professional Tax Receipt),

latest3.Photocopy of birth certificate4.Photocopy of marriage contract, if any5.Photocopy of birth certificate of dependents,

criteria as follows: minimum of four (4) children and age must be below 21 years old;

6.Sketch of residence address7.Paid Registration form (BIR Form 0605)

File

  Step 2. File all requirements to BIR; listed below are the mandatory registration documents and its costs, as

follows:

Registration fee ( BIR form 0605) Php 500.00

Books of Account Php 200.00

Doc Stamp Php 115.00

OR Printing (vary depends on size) Php 1,000-1,500.00

Step 3. Attend the required taxpayer’s briefing at the RDO before the release of the BIR

Certificate of Registration (COR) or      BIR Form No. 2303, which

reflects the returns that must be filed and the taxes to be paid.

Step 3. Attend the required taxpayer’s briefing at the RDO before the release of the BIR

Certificate of Registration (COR) or      BIR Form No. 2303, which

reflects the returns that must be filed and the taxes to be paid.

Note: The COR must be conspicuously displayed in the Professional’s Place of business

Step 4. Apply for Official Receipts/Sales Invoice using BIR Form No. 1906 –

Authority to Print

Step 4. Apply for Official Receipts/Sales Invoice using BIR Form No. 1906 –

Authority to PrintRequirements for Authority to Print1. BIR Form No. 1906 Application for Authority to Print2. BIR Form No. 2303 Certificate of Registration

(photocopy)3. BIR Form No. 0605 Registration Fee (photocopy)4. Sample Receipt & Job Order5. Certificate of Registration (Printer)6. Verification of CMS Cases (Printed)

Step 4. Apply for Official Receipts/Sales Invoice using BIR Form No. 1906 –

Authority to PrintRequirements for Authority to Print1. BIR Form No. 1906 Application for Authority to Print2. BIR Form No. 2303 Certificate of Registration

(photocopy)3. BIR Form No. 0605 Registration Fee (photocopy)4. Sample Receipt & Job Order5. Certificate of Registration (Printer)6. Verification of CMS Cases (Printed)

Note: An “Ask for a Receipt” Notice (ARN) must be posted conspicuously in the Professional’s business establishment.

Step 5. Register books of accounts and have them stamped by the RDO where the Professional

is registered.

Step 5. Register books of accounts and have them stamped by the RDO where the Professional

is registered.

Books Requirements1. BIR Form No. 1905 (2 copies)2. Certificate of Registration (Photocopy)3. Registration Fee (BIR Form No. 0605, photocopy)4. Books

4.1 Columnar Book (For Cash Disbursement)4.2 Cash Receipts Book4.3 Ledger4.4 Journal

Step 6. Update registration information, if needed, using BIR Form No. 1905 (change of registered address, additional tax types, etc.)

and submit this at the RDO having jurisdiction over the place of business.

REGISTRATION REMINDER:

The BIR conducts a Tax Compliance Verification Drive (TCVD) or tax

mapping operations to monitor if the taxpayer is complying with his registration

requirements particularly on COR, ARN and books of accounts. 

BOOKKEEPING REQUIREMENTS

 Professionals are required to maintain books of accounts using any acceptable method of accounting (accrual or cash basis) in a

consistent manner. The same shall be preserved within the prescriptive period (3 years from the

close of taxable year) for post audit examination. 

INVOICING REQUIREMENTS

1. Receipts or sales or commercial invoices shall be serially numbered.

2. Among other things, the name, business style, the TIN and business address of the Professional shall be shown.

3. Receipts or invoices shall be issued by the Professional for every payment received.

4. The original receipt or invoice shall be issued to the client at the time the transaction is effected and the duplicate shall be preserved in the place of business for a period of 3 years from the close of the taxable year.

WHAT ARE THE BIR REQUIREMENTS?

.

WHAT ARE THE BIR REQUIREMENTS?

•Registration Fee (RF)

WHAT ARE THE BIR REQUIREMENTS?

•Registration Fee (RF)

*An Annual Registration Fee of Php 500.00 shall be paid on or before the last day of

January every year after the initial registration.

Pay

WHERE CAN A PROFESSIONAL FILE & PAY TAX DUE?

•The return shall be manually filed and paid with any Authorized Agent Bank (AAB) within the Revenue

District Office (RDO) where the Professional is registered or required to register. In the absence of an AAB, with a Revenue Collection Officer (RCO) or duly

Authorized City or Municipality Treasurer who shall issue a Revenue Official Receipt (BIR Form No. 2524).

•In case the return is no payment to be made, the return shall be filed with the RDO where the Professional is

registered.

TAX FORM AND DUE DATES 

1.Payment form (individuals/corporations/partnerships)BIR  Form  No.  0605  –after  the  initial  registration  On  or before the last day of January every year

2.Income Tax1701Q    1Q       Jan-Mar       Apr 151701Q    2Q     Apr-June     Aug 151701Q    3Q      July-Sept     Nov 151701      final             Jan-Dec       Apr 15 FF YR

3.Percentage Tax2551M  20th day after the end of each month  

4.Value Added Tax2550M  20th day of succeeding month2550Q   25th day of the month of the following the 

 end of a particular quarter

*Any person or entity who, in the course of his trade or business, sells, barters, exchanges, leases goods or properties and renders services subject to VAT, if the aggregate amount of actual gross sales or receipts exceed One Million Nine Hundred Nineteen Thousand Five Hundred Pesos (P1,919,500.00).

It’s not that hard right?

It’s not that hard right?

So,

Are you ready to register?

For your questions, comments, and suggestions given on

these guidelines—

DISCLAIMER: The content of this article may become outdated because of changes in the rules and regulations over time. It does not substitute the need for inquiring a professional advice.

Feel free to get in

touch with us.

Our Teamwould be happy to

assist you!

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