http://www.thepinkc.net/back-to-school/back-to-school-10-ways-to-trim-your-budget/ Fri, 21 Nov 2008 05:24:15 +0000 http://wordpress.org/?v=2.7-beta3 hourly 1 http://www.thepinkc.net/back-to-school/back-to-school-10-ways-to-trim-your-budget/comment-page-1/#comment-5649 THE UPDATED REGULATIONS ON PRIMARY BUSINESS REGISTRATION (REVENUE REGULATIONS 11-2008) | RISKS OF BUSINESS . COM Thu, 30 Oct 2008 09:32:43 +0000 http://www.thepinkc.net/life/back-to-school-10-ways-to-trim-your-budget/#comment-5649 [...] One of the outstanding changes in Revenue Regulations 11-2008 is the increase in the last digits of the Tax Identification Number.  Generally, most TIN is composed of 12 digits with the last 3 digits dedicated to Branch Codes for business with multiple branches.  However because of the companies with branches exceeding 999, the Bureau of Internal Revenue has increased the TIN to 14 digits, allocating the last 4 digits for Branch Codes.  Certificates of Registration (COR) are issued to individuals engaged in business or the practice of profession and to juridical persons (whether taxable or exempt).  There are changes with regards to the information contained in the COR, which shall already contain the following: (1)Name of taxpayer; (2)Registered/Residence Address; (3)Business Trade Name; (4) Taxpayer Type; (5)RDO Code; (6)TIN including the Branch Code extension number; (7)Date of registration and generation/issuance of COR; (8)Particular Tax Types which the taxpayer is required to file returns/pay taxes due theron, if any and the particular tax rate (0% or 12%) if subject to VAT; (9)Particular tax incentives granted and the line of business for which the tax incentive has been granted and the peroid covered by such tax incentive, if applicable; (10)Registration Certificate Number with the SEC, DTI, CDA, BOI, SBMA, CDA, BCBA, or any other applicable government agency under which the entity/association has accredited itself in order to avail of certain tax incentives or preferential tax rates; (11)Line of Business and its Philippine Standard Industry Code (PSIC) including the classification standards of goods and/or services for sale; (12)Name of RDO/Approving officer; and (13) Date of signing/approval. There are also changes made on the registration requirements of individuals.  Among those is the provision of Branch Codes for individuals with varied types of business.  This shall be discussed on a separate post.  Best that these implementing guidelines are followed so not to be penalized and save money. [...] [...] One of the outstanding changes in Revenue Regulations 11-2008 is the increase in the last digits of the Tax Identification Number.  Generally, most TIN is composed of 12 digits with the last 3 digits dedicated to Branch Codes for business with multiple branches.  However because of the companies with branches exceeding 999, the Bureau of Internal Revenue has increased the TIN to 14 digits, allocating the last 4 digits for Branch Codes.  Certificates of Registration (COR) are issued to individuals engaged in business or the practice of profession and to juridical persons (whether taxable or exempt).  There are changes with regards to the information contained in the COR, which shall already contain the following: (1)Name of taxpayer; (2)Registered/Residence Address; (3)Business Trade Name; (4) Taxpayer Type; (5)RDO Code; (6)TIN including the Branch Code extension number; (7)Date of registration and generation/issuance of COR; (8)Particular Tax Types which the taxpayer is required to file returns/pay taxes due theron, if any and the particular tax rate (0% or 12%) if subject to VAT; (9)Particular tax incentives granted and the line of business for which the tax incentive has been granted and the peroid covered by such tax incentive, if applicable; (10)Registration Certificate Number with the SEC, DTI, CDA, BOI, SBMA, CDA, BCBA, or any other applicable government agency under which the entity/association has accredited itself in order to avail of certain tax incentives or preferential tax rates; (11)Line of Business and its Philippine Standard Industry Code (PSIC) including the classification standards of goods and/or services for sale; (12)Name of RDO/Approving officer; and (13) Date of signing/approval. There are also changes made on the registration requirements of individuals.  Among those is the provision of Branch Codes for individuals with varied types of business.  This shall be discussed on a separate post.  Best that these implementing guidelines are followed so not to be penalized and save money. [...]

]]> http://www.thepinkc.net/back-to-school/back-to-school-10-ways-to-trim-your-budget/comment-page-1/#comment-657 Vinay Sun, 26 Aug 2007 19:35:58 +0000 http://www.thepinkc.net/life/back-to-school-10-ways-to-trim-your-budget/#comment-657 Nice one. I have also blogged about debts on my blog at http://desinotes.com/10-tips-to-manage-debts-better/ Check out my blog if you have the time, Regards, Vinay Nice one. I have also blogged about debts on my blog at http://desinotes.com/10-tips-to-manage-debts-better/
Check out my blog if you have the time, Regards, Vinay

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