Starting a new business is exciting, but dealing with the BIR requirements for new business can feel overwhelming. But gone are the days of doing everything manually or the traditional way! BIR registration is now possible online with Taxumo, making the entire process quicker and easier.
Before you begin, it’s important to know if you’re a Non-VAT or VAT taxpayer:
- Non-VAT: Gross sales or receipts below ₱3 million per year.
- VAT: Gross sales or receipts above ₱3 million per year.
Which business category do I belong to?
Once you have identified you’re Non-VAT or VAT, you can now choose which business category you belong to:
- Professional – For licensed professionals or freelancers. Ideal for Non-VAT taxpayers.
- Sole Proprietor – For businesses trading goods or services (also applies to professionals or freelancers with a trade name). Ideal for Non-VAT taxpayers.
- Corporation – For businesses registered as a separate legal entity. Best suited for VAT taxpayers
- Partnership – For businesses owned by two or more people sharing profits and responsibilities. Typically for VAT taxpayers or higher income brackets.
Tip: In special cases, Non-VAT taxpayers with projected sales above ₱3 million for the calendar year can opt for a Corporation setup. This helps prepare for potential VAT obligations. If you’re unsure, it’s best to consult a CPA with Taxumo to choose the most suitable category.
How Taxumo Simplifies BIR your registration
For Professionals
Taxumo manages all the paperwork and compliance, including:
- BIR Registration Forms – We handle the preparation and submission.
- Authority to Print & ORUS Registration – Ensures your books are compliant with BIR.
- Books of Accounts – We help you get the necessary record-keeping tools.
- BIR Invoices (10) – Ready-to-use, BIR-approved invoices.
For Sole Proprietors
If you’re starting a trading business, Taxumo helps with:
- BIR Registration Forms – We prepare and file the forms for you.
- DTI Business Name Registration – Get your business name approved smoothly.
- Local Permits and Licenses – Securing the LGU requirements.
- Books of Accounts and Invoices – We help provide the necessary ledgers and BIR-approved invoices.
For Corporations and Partnerships
Taxumo simplifies the more complex requirements for corporations and partnerships, including:
- Incorporation Documents – Preparation and filing with the SEC.
- Business Permits and Licenses – Assistance in obtaining necessary permits.
- BIR Registration – Seamless registration for tax compliance.
- Books of Accounts and Invoices – Everything you need for proper tax compliance.
Why Choose Taxumo for BIR Requirements for New Business?
Navigating the BIR requirements for new business can be complicated, but Taxumo makes it:
- Convenient: Handle everything online—no more manual paperwork.
- Supportive: Our team is ready to assist with any questions.
Say goodbye to the traditional way of registering with the BIR. Taxumo lets you do it all online, hassle-free!
