Hi to everyone, im not very familiar po kase on BIR rulings i hope someone could enlighten me and give me infos i need. I decided to get a store space po infront of a school this june lang. the store was just like a retailer of school supplies and ofcourse my reloading biz na rin. sometime in july my store was tax mapped and included in my violations were failure to register, failure to pay annual registration fee, no notice to the public & cert of registrattion displayed, failure to keep book of accounts, etc.
When i went to BIR, they are requiring me to pay the total of P7000 para sa penalties ko raw and i need to register. wala naman po akong maayos na mapagtanungan dito sa BIR so naguguluhan ako.
un po bang small store are really required to register with BIR? if so, then this means po na i have to issue reciepts? i need to have book of accounts? example a P6 ballpen or a P30 load, i need to issue receipt po? then what receipt will i need to issue, OR or SI? What will be the taxes that i need to pay now to BIR?
Hi! Actually, medyo maliit pa nga siguro yung penalties na nakuha mo compared to other business establishments na na-tax mapped na rin.
According to our National Internal Revenue Code (NIRC), taxable po ang income natin and yes, required po tayo na magregister sa BIR before any business operations.
The first thing that you should do is to register with DTI for your trade name. Tapos, pupunta po kayo sa City Hall to get a Mayor's Permit. Pag nasecure nyo na po ang DTI at Mayor's Permit, then you can now go to the BIR to pay your penalties and to register your business.
Yes, you have to have a set of books of accounts and you have to update this every now and then. About the receipts, well yes, you have to issue receipts. But I don't think that you still have to issue receipts for those autoloads. And for one thing, ang "trick" kasi dito ay kung hindi naman humingi ng receipt ang customer mo, eh why would you offer to give one. Pag nag-issue kasi tayo ng receipt, ibig sabihin may income (kasi part ito ng sales mo diba po?) and since may income, ibig sabihin ay we have to remit more taxes. Kaya nga kung mapapansin nyo sa mga establishments, nakakabit yung mga "Ask for a Receipt" signs nila or "Notice to the Public" (pero old version na ito), para ipaalam sa mga customers natin na humingi ng resibo para maayos din ang cycle ng remittances ng tax ng mga establishments.
If you decide to have a POS system, on the other hand, as per BIR Ruling, you also have to register your POS system.
After nyo po maayos ang mga licenses at registrations nyo, then you will have to submit yourself to more tax responsibilities.
If you will be registered as a Non-VAT taxpayer, you will have to file monthly percentage taxes. This is 3% of your gross income every month. Saan naka-base ang gross income? Sa mga receipts na na-issue po natin for the whole month. Second, if you are renting, you will also have to file Monthly Remittance Return of Creditable Income Taxes Withheld (Expanded). This is 5% of your rental fee. If you have employees, SOP din po na dapat ay may SSS, Philhealth at Pag-Ibig sila and you will also have to file Monthly Remittance Return of Creditable Income Taxes Withheld (Compensation). Aside from these, meron din po tayo finafile quarterly and finally, yung annual income tax return.
If you will be registered as a VAT taxpayer, you will have to submit VAT returns every month plus the Expanded and Compensation taxes I've mentioned above, plus the quarterly and the annual income tax return.
Every year, nagrerenew din po tayo ng Mayor's Permit at BIR.
O diba, medyo madugo po talaga ang mag-business sa Pilipinas.
Just in case you will encounter any problems and you'll be needing assistance and services, you may contact us 3651937 / 0917-6243777 De Los Reyes and Associates Auditing Firm. Please look for Mr. Ricky De Los Reyes or you may simply just look for me, Chinky.
Good luck to your endeavors!