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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

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Summary

RMC No. 93-2016 streamlines business registration by further amending the List of Documentary Requirements under Annex A of RR No. 7-2012, as clarified under RMC Nos. 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

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Related issuances

CitesRMC No. 37-2016RMC No. 70-2013RR No. 7-2012
Cited byRMC No. 102-2016RMC No. 137-2016RMC No. 30-2018RMO No. 02-2018RMO No. 06-2018RR No. 3-2017

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.