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Wednesday, July 13, 2011

Step by Step on How to have a Business Permit

Step 1. Secure your DTI (Department of Trade and Industry) Certificate of Registration of Business Name, but before going to DTI office list down at least three business names and submit it for approval.

Step 2. Get Barangay clearance for business purpose, you need to have a CTC No. (Sedula) as primary requirement.

Step 3. Gather the documents stated on step 1 and 2 for Mayor’s permit. Fill-up application form from municipal office and pay the following permits, Division permit, Planning permit, Building permit, Health certificate, Fire Code Fees for Bureau Fire Protection, Certificate of real estate tax. Submit a picture of establishment and sketch of location.

Step 4. Proceed to BIR office and register your business.

FOR SELF-EMPLOYED AND MIXED INCOME INDIVIDUALS/ SOLE PROPRIETORSHIP:


Tax Form
BIR Form 1901- Application for Registration for Mixed Income Individuals, Estates and Trusts

Documentary Requirements
- Birth certificate or any valid identification showing name, address and birth date
- Mayors permit or application for Mayors Permit (when applicable)
- Department of Trade and Industry (DTI) Certificate of Registration of Business Name (to be submitted prior to the issuance of the BIR Certificate of Registration (COR)

Procedures
a) Accomplish BIR Form 1901 and submit the same, together with the required attachments, to the Revenue District Office having jurisdiction over the registered address of the business establishment.

b) Pay the Annual Registration Fee (P 500.00) at the Authorized Agent Banks of the RDO.

c) Pay P 15.00 for the Certification Fee and P15.00 for the Documentary Stamp Tax (in loose form to be attached to Form 2303).

d) The RDO shall issue the Certificate of Registration (Form 2303).

FOR CORPORATIONS/PARTNERSHIPS:

Tax Form
BIR Form 1903 - Application for Registration for Corporations/Partnerships (Taxable/Non Taxable), including GAIs and LGUs

Documentary Requirements
- SEC Certificate of Registration (Certificate of Incorporation/Certificate of Co-Partnership) or License To Do Business in the Philippines in case of resident foreign corporation
- Mayors Permit or application for Mayor’s Permit to be submitted prior to the issuance of the BIR Certificate of Registration

Procedures
a) Accomplish BIR Form 1903 and submit the same together with the required attachments to the Revenue District Office having jurisdiction over the registered address of the business establishment.

b) Pay the Annual Registration Fee (P 500.00) at the Authorized Agent Banks of the RDO.

c) Pay P 15.00 for the Certification Fee and P 15.00 for the Documentary Stamp Tax (in loose form to be attached to Form 2303).

d) The RDO shall issue the Certificate of Registration (Form 2303).

e) Taxpayer must pay the Documentary Stamp Tax on the Articles of Incorporation as prescribed under Section 175 of the NIRC, on the 5th of the month following the date of issuance of said article (per RR 4-2000).