The Bureau of Internal Revenue (BIR) is once again extending the deadline for online business registration to Sept. 30. This was due to the “surge of registrants in various revenue district offices that are trying to beat the deadline.” Businesses that will not be able to meet the new deadline will have to face certain penalties.
“It is reminded that all those who will be found later doing business without complying with the registration/update requirements, and those who failed to declare past due/unpaid taxes shall be imposed with the applicable penalties under the law, and existing revenue rules and regulations,” the agency says.
It was mentioned earlier that online businesses earning less than P250,000 annually and operating on an intermittent or irregular basis shall be exempted from this mandate.
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