The Bureau of Internal Revenue assured the Department of Finance that it will work double-time on streamlining the documentary requirements of micro, small and medium-scale enterprises.
BIR commissioner Caesar Dulay said cutting down the requirements needed to register or renew permits for businesses was now ongoing at the bureau.
“After the [tax reform] package, we’ll go into that streamlining process, although it’s an ongoing work being done by BIR. Even the procedures, we will cut down on the documentary requirements,” Dulay informed Finance Secretary Carlos Dominguez III during a recent DOF executive committee meeting.
Dulay made the assurance after the Finance chief told BIR officials that he had received complaints from MSME owners about the tedious process they had to undergo to renew their BIR certificates of registration.
“Let’s cut down on the documentary requirements,” Dominguez told Dulay.
To renew a business permit, the applicant must first secure a barangay clearance and a mayor’s business permit renewal that requires several documents such as the original copy of the mayor’s permit for the previous year, proof of payment for the permit, income statements, contract of lease, among others, which could take about one to two weeks.