BIR and the enterprise

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This presentation was my special report for our Entrep Class at AGSB

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  • 2011 Phil gov’t revenue target – P1.41 trillion tax revenues – P1.27trillion BIR’s target revenue – P940B Source: http://www.gov.ph/2010/08/24/president-aquinos-2011-budget-message/
  • BIR and the enterprise

    1. 1. Yashmin Lumbao MM Entrep A10 May 23, 2011
    2. 2. <ul><li>BIR – Bureau of Internal Revenue </li></ul><ul><ul><li>main revenue agency of the Phils. </li></ul></ul><ul><ul><li>mandated by law to assess and collect all national internal revenue taxes, fees and charges </li></ul></ul><ul><ul><li>to enforce all forfeitures, penalties and fines connected therewith </li></ul></ul>
    3. 3. <ul><li>Vision: </li></ul><ul><li> The BIR is an institution of service excellence manned by people with </li></ul><ul><li>integrity and professionalism </li></ul><ul><li>Mission: </li></ul><ul><li>The BIR shall collect internal revenue taxes for the government </li></ul>
    4. 4. <ul><li>Application for Taxpayer Identification Number (TIN) </li></ul><ul><li>Registration of books of accounts </li></ul><ul><li>Application for authority to print receipts and invoices </li></ul><ul><li>Application for permit to adopt Computerized Accounting System (CAS) </li></ul>
    5. 5. <ul><li>Application for permit to use Cash Register Machine and/or Point of Sale Machine </li></ul><ul><li>Application for Registration Information Update </li></ul>
    6. 6. <ul><li>When: before commencing the business </li></ul><ul><li>Where: RDO having jurisdiction </li></ul><ul><li>Annual registration fee (P500) before Jan. 31 (if gross receipts > P100,000) </li></ul>
    7. 7. <ul><li>Income Tax </li></ul><ul><ul><li>Withholding tax (EWT, CWT) </li></ul></ul><ul><li>Estate and Donor’s Tax </li></ul><ul><li>Value Added Tax </li></ul><ul><li>Percentage Tax </li></ul><ul><li>Excise Tax </li></ul><ul><li>Documentary Stamp Tax </li></ul>
    8. 8. <ul><li>Civil Penalties </li></ul><ul><li>Interest </li></ul><ul><li>Penal Liability </li></ul><ul><li>Imprisonment </li></ul>
    9. 9. <ul><li>Run after tax evaders </li></ul><ul><ul><li>Premyo sa resibo campaign </li></ul></ul><ul><ul><li>Oplan Kandado </li></ul></ul>
    10. 10. <ul><li>Website: www.bir.gov.ph </li></ul><ul><li>Hotline: 981-8888 </li></ul>
    11. 11. <ul><li>www.bir.gov.ph </li></ul><ul><li>National Internal Revenue Code </li></ul>
    12. 12. Yashmin Lumbao MM Entrep A10 May 23, 2011

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