In relation with the global COVID-19 pandemic and when most citizens are into home quarantine while the business of selling goods and services through online network has been observed to be experiencing an increase growth in the community, the Bureau reminded the Deadline for Business Registration of those into Digital Transactions.
Revenue Memorandum Circular (RMC) No. 75-2020 is being issued extending the Deadline for Business Registration of those Transaction under RMC 60-2020 until August 31, 2020, specifically for the registration of the activity and/or updates and those who shall voluntarily declare their past transactions subject to pertinent taxes and pay the taxes due when declared and paid on or before the said date shall not be subject to corresponding penalty for late filing and payment.
