BIR | RMC 75-2020 | RMC 92-2020 | online business

Revenue Memorandum Circular No. 75-2020

Revenue Memorandum Circular No. 92-2020

Revenue Memorandum Circular No. 60-2020

Taxes

BIR extends deadline for online businesses to register to September 30

BIR extends deadline for online businesses to register and pay taxes from 31 August 2020 to 30 September 2020

Client Alert - 30 July 2020 (updated on 2 September 2020)

In Revenue Memorandum Circular No. 60-2020 ("RMC 60-2020"), the Bureau of Internal Revenue ("BIR") required online businesses to register and pay taxes corresponding to their past taxable transactions by 31 July 2020. We explained RMC 60-2020 in our previous client alert here.

The BIR issued Revenue Memorandum Circular No. 75-2020 extending the deadline from 31 July 2020 to 31 August 2020. This is in light of the difficulties posed by COVID-19 to visit the BIR's district offices. The BIR again extended the deadline from 31 August 2020 to 30 September 2020 in Revenue Memorandum Circular No. 92-2020.

The new deadlines are as follows:

Action Original deadline New deadline
Register and/or update the registration status of the online business with the BIR

 31 August 2020

 30 September 2020

Voluntarily declare past taxable transactions and pay the corresponding taxes

 31 August 2020

 30 September 2020

Any business that fails to comply with the registration/update requirements and/or fails to pay taxes for past taxable transactions beyond September 30 will be penalized as provided under the Tax Code.

How this affects you

If you are operating an online business, your business can take advantage of the additional time to register with the BIR and pay the corresponding taxes for your past taxable transactions. 


Need to talk to a lawyer?

If you need to consult a lawyer on how to (a) register your online business with the BIR; and (b) comply with BIR regulations applicable to your online business, our Partner Lawyers are ready to help you.

Submit your legal question using our “Ask an Attorney” service and a lawyer will contact you within 1 to 2 business days to advise you.

Regards,

The Legal Tree team
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