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    This memorandum from the Bureau of Internal Revenue provides guidance to revenue offices on filing income tax returns for Barangay Micro Business Enterprise (BMBE) taxpayers claiming tax exemption. It notes concerns that some BMBE returns may not be accepted. It then quotes the relevant section of Department Order 17-04, which outlines the documentation BMBEs must provide to register and avail of tax incentives. This includes a certificate of authority, asset values, list of branches/outlets, list of affiliates, and audited financial statements. It advises that BMBE returns should be accepted for filing whether taxes are paid or not, subject to later verification of compliance with the Department Order.

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    This memorandum from the Bureau of Internal Revenue provides guidance to revenue offices on filing income tax returns for Barangay Micro Business Enterprise (BMBE) taxpayers claiming tax exemption. It notes concerns that some BMBE returns may not be accepted. It then quotes the relevant section of Department Order 17-04, which outlines the documentation BMBEs must provide to register and avail of tax incentives. This includes a certificate of authority, asset values, list of branches/outlets, list of affiliates, and audited financial statements. It advises that BMBE returns should be accepted for filing whether taxes are paid or not, subject to later verification of compliance with the Department Order.

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    This memorandum from the Bureau of Internal Revenue provides guidance to revenue offices on filing income tax returns for Barangay Micro Business Enterprise (BMBE) taxpayers claiming tax exemption. It notes concerns that some BMBE returns may not be accepted. It then quotes the relevant section of Department Order 17-04, which outlines the documentation BMBEs must provide to register and avail of tax incentives. This includes a certificate of authority, asset values, list of branches/outlets, list of affiliates, and audited financial statements. It advises that BMBE returns should be accepted for filing whether taxes are paid or not, subject to later verification of compliance with the Department Order.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    75 views2 pages

    N

    Uploaded by

    Yna Yna
    This memorandum from the Bureau of Internal Revenue provides guidance to revenue offices on filing income tax returns for Barangay Micro Business Enterprise (BMBE) taxpayers claiming tax exemption. It notes concerns that some BMBE returns may not be accepted. It then quotes the relevant section of Department Order 17-04, which outlines the documentation BMBEs must provide to register and avail of tax incentives. This includes a certificate of authority, asset values, list of branches/outlets, list of affiliates, and audited financial statements. It advises that BMBE returns should be accepted for filing whether taxes are paid or not, subject to later verification of compliance with the Department Order.

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    of 2

    REPUBLIC OF THE PHILIPPINES

    DEPARTMENT OF FINANCE
    BUREAU OF INTERNAL REVENUE

    April 5, 2017
    MEMORANDUM TO:
    Regional Directors
    Revenue District Officers
    Other Concerned Officers

    SUBJECT: FILING OF INCOME TAX RETURNS BY BARANGAY MICRO


    BUSINESS ENTERPRISES (BMBE) TAXPAYERS

    This refers to Business Taxpayers claiming tax exemption from income tax under the
    Barangay Micro Business Enterprise (BMBE) Act of 2002 (R.A.9178). It was the concem of
    some Non-Government Organizations (NGO) coordinating with Department of Trade and
    Industry (DTI) that income tax returns to be filed by BMBE Taxpayers may not be
    accommodated/accepted by the Revenue District Offices (RDOs) during the filing of tax returns.

    ln line therewith, please be informed of the hereunder quoted provision of the


    Deparlment Order No. 17-04 dated April 20. 2004, entitled "Guidelines to Implement the
    Registration of Barangay Micro Business Enterprises and the Availment of Tax Incentives Under
    R.A.9178, Otherwise Known as the "Barangay Micro Business Enterprises (BMBEs) Act of
    2002":

    "Section 3. Availment of Tax Incentives. - For purposes of availing of the tax


    incentives. the BMBE shall register as such BMBE with the BIR RDO where the
    principal otfice or place of business of the BMBE is located. Its application for
    registration shall be supported by the following documents:

    (a) Copy of the BMBE's Certificate of Authority duly authenticated by the


    Office of the City or Municipal Treasurer;

    (b) Sworn Statement of the values of assets owned andlor used/to be used by
    the BMBE and/or its affiliates reflecting the current values thereof. The Swom
    Statement shall be supporled by pertinent information and documents such as:

    1) Acquisition cost. date of acquisition and depreciated value tbr


    existing assets
    2) Invoices andior otlcial receipts for newly-acquired assets not
    yet depreciated:
    3) Duly-notarized copy of Contract of Lease for assets used in the
    conduct of business covered by lease agreement; and
    4) Copy of Loan Contract/s, if any, and Duly-Notarized Certiflcation
    of Amortization Payments on the Loan
    \\r
    v./
    .
    (c) Certified list of branches, sales outlets, places of production. warehouse and
    storage places. or such other f-acility owned and/or operated by the BMBE indicating
    their respective addresses, w'hether located in the same municipality or city where the
    principal place of business is located, or elsewhere.

    (d) Ceftified list of affiliates, indicating addresses. line of business and


    responsible offi cers thereof;

    (e) Latest Audited Financial Statement. or Account Infbrmation Form or its


    equivalent containing data lifted from audited f-rnancial statements."

    It is hereby advised however, that tax returns to be flled by the taxpayers claiming to be
    covered by BMBE shall be accepted whether taxes are paid or not subject to post audit/
    verification of their compliance with Section 3 of Department Order No. 17-04.

    For your guidance and immediate compliance.

    ffi
    CAESAR R. DULAY
    Commissioner of Internal Revenue

    2of2

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