The Bureau of Internal Revenue on Monday signed an agreement with the Trade Department to expedite small and medium enterprises’ procedures of getting a tax identification number.
The two agencies agreed to improve the registration of sole proprietors and partnerships under the jurisdiction of DTI by facilitating TIN issuance. BIR commissioner Caesar Dulay and Trade Secretary Ramon Lopez signed the agreement.
“The memorandum of agreement actually is part of our mandate to respond to the business sector and seeing to it that there is ease in doing buisiness. Personally, I believe that it is in pursuance with the mandate of the president and this administration to be conscious and aware of the needs of the business community especially with the small- and -medium enterprises,” Dulay said.
Under the agreement, the BIR agreed to issue TIN through the eReg System linked to the Philippine Business Registry under the DTI.
BIR shall process the registration of the new business and issue the corresponding certificate of registration and other permits relative to the secondary registration after completing the of documentary requirements. The BIR will also provide information materials to DTI for their clients.