The Bureau of Internal Revenue (BIR) is extending the filing deadline for building owners from Sept. 1 to Nov.2 to make sure that all their tenants as of July 31 are BIR-registered taxpayers.
Tenants are required to have a tax identification number (TIN), a Certificate of Registration and registered receipts. Building owners will have to file the tax registration profiles of their tenants to the agency two times a year.
In addition, landlords must also also submit a copy of the layout details of their commercial spaces and a certified true copy of their lease contract per tenant.
“It shall be the primary responsibility of all owners or sub-lessors of commercial establishments /buildings/spaces to ensure that the person intending to lease their commercial space is a BIR-registered taxpayer,” said a BIR statement.
Penalty for building owners not filing the report will be not less than P10,000 and up to 10 years imprisonment.