An "Affidavit of No Income for Business" is usually needed by a business that has no income and is renewing its business permit and BIR registration with the government.
An Affidavit of No Income is a written statement under oath by an authorized representative of the business (the “affiant”) that the business does not have any income for a certain period.
An Affidavit of No Income is usually needed by a business that has no income and is renewing its business permit and BIR registration with the government. The Affidavit is necessary to explain to the government that the business did not pay income tax because it does not yet have any income.
To create your Affidavit of No Income you’ll need the following minimum information:
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