RMC No. 93-2016: Streamlines the business registration process and documentary requirements by further amending the List of Documentary Requirements for the registration of each type of application under Annex A of RR No. 7-2012, as clarified under RMC No. 70-2013 and 37-2016

Key points

1. Revised checklist. The revised checklist of documentary requirements includes the applicant’s acknowledgement of identified lacking documents to be completed, to speed up processing.
2. Registration steps. The steps are: apply for registration with complete documentary requirements; pay the Annual Registration Fee through mRCOs, Authorized Agent Banks, Revenue Collection Officers or GCash; and get the Certificate of Registration with an auto-approved Authority to Print (ATP) for initial principal receipts/invoices.
3. Auto-approved ATP limit. The auto-approved ATP applies only to newly-registered business taxpayers. Later applications for receipts or invoices follow the procedures in existing issuances.

Who is affected

• Newly-registered business taxpayers (auto-approved ATP)
• Business registration applicants