As of January 27, 2021, The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular No. 15-2021 (RMC No. 15-2021) which is effective immediately.
This announcement was released to inform Filipino Taxpayers of the relaunching of the Central Business Portal (CBP), a project of the Anti-Red Authority (ARTA) in coordination with the Department of Information and Communication Technology (DICT) as of January 28, 2021.
What exactly is the Central Business Portal (CBP)?
The CBP is a central system that receives applications while also gathering application data for business-related transactions from different government agencies such as the SEC, BIR, SSS, PhilHealth and Pag-Ibig. The platform also promotes the use of electronic payment systems for the said agencies.
Some features that are now available with the CBP are:
- Registration of Corporation with Securities and Exchange Commission (SEC) with issuance of the corresponding Company Registration Number (CRN)
- Issuance of Taxpayer Identification Number (TIN) for new corporations
- Identification of National Internal Revenue taxes which new corporations are liable to
- Payment of Annual Registration Fee (ARF) of PHP 500 and Loose Documentary Stamp Tax (DST) of PHP 30 through the ePayment facilities or Revenue District Office (RDO)
- New corporations who opt to pay ARF and loose DST manually, have to do so at their respective RDO by submitting the following CBP documents:
- CBP Unified Application Form
- Accomplished Tax Type Questionnaire
- Pre-filled BIR Form No. 0605
- New corporations who opt to pay ARF and loose DST manually, have to do so at their respective RDO by submitting the following CBP documents:
- Generation of BIR Electronic Certificates which can be printed in A4 paper size by taxpayers
While still being implemented, the CBP will be available to the following domestic corporations:
- Corporations with two (2) to four (4) incorporators
- Regular corporations whose incorporators are juridical entities and/or capital structure is not covered by the 25%-25% rule
- One Person Corporation
Once registered with your company of choice, you may electronically file and pay your taxes through JuanTax! You will no longer be required to download eBIR, RELIEF and Alphalist systems, as our platform is an all-in-one cloud based software.
