Guide on BIR Business Registration Requirements 2023 for Corporation and Partnership-Owned Businesses
BIR BUSINESS REGISTRATION REQUIREMENTS 2023 – Here are the documents needed in registering a business owned by a corporation or partnership in the Philippines.
Operating a business in the Philippines requires permits and registration to do so in a legal way. If a business owner will just operate without the documents and permits needed, there is a risk of huge penalties and the business being forced to close.
One of the requirements is registration to the Bureau of Internal Revenue or more popularly called BIR. It is the tax-collecting body in the country. By registering your business, you can issue official receipt authorized by the BIR.
In registering a business, there are different business registration requirements depending on the status of the business or business owners. There is are different sets of BIR Business Registration requirements 2023 for sole proprietors, BIR Business Registration requirements 2023 for cooperatives and associations, and BIR Business Registration Requirements 2023 for corporations & partnerships.
Is your business owned by a corporation or a partnership? Here are the business registration requirements 2023 that you must prepare and submit to the Bureau of Internation Revenue for registration:
- BIR Form No. 1903 version January 2018
- SEC Certificate of Incorporation or Certificate of Recording (in case of partnership) or License to Do Business in the Philippines (in case of foreign corporation)
- Articles of Incorporation or Articles of Partnerships
- BIR Printed Receipt/Invoice or Final & clear sample of OWN Principal Receipts Invoices (Sample layout is also available at the New Business Registrant Counter
- Payment of P530.00, if applicable, for the following:
- P500.00 Annual Registration Fee (RF)
- P30.00 Loose Stamp/s (DST) to be affixed on the Certificate of Registration
There might be addition requirements in registering a business to BIR based on certain cases. Here are the possible documents that may be requested by the government agency:
- If transacting through a Representative:
- Board Resolution indicating the purpose and the name of the authorized representative or Secretary‘s Certificate
- Any government-issued ID of the authorized representative
- Franchise Documents
- Franchise Agreement
- Memorandum of Agreement for joint venture
- Certificate of Authority, if Barangay Micro Business Enterprises (BMBE) registered entity
- Proof of Registration/Permit to Operate BOI/BOI-ARMM, PEZA, BCDA, TIEZA/TEZA, SBMA, etc.