The he BIR agreed to study and look into the possibility of implementing the following reforms in the Doing

Business indicators:

Action: For BIR’s confirmation and comments

A. STARTING A BUSINESS
1. To remove the registration of the Books of Account
Under the Revenue Memorandum Circular No. 29-2019, the manual books of accounts shall be
registered by the taxpayer before the deadline for filing of the first quarterly income tax return or the
annual income tax return whichever comes earlier.

The BIR is inclined to totally remove the requirement to register the Books of Accounts.

If ever the registration of the Books of Accounts will not be removed, the BIR is also looking at an
alternate, which is to require a Sworn Statement sent online by the taxpayer indicating the type,
volume, and number of books that the taxpayer will be using. A QR code will then be generated by the
BIR’s system which will be attached to the taxpayer’s books of accounts. The QR code will be a sufficient
proof that whatever books that the taxpayer is using are registered with the BIR

The removal of the registration of the books of accounts will deduct 1 day and 1 step from 18 days and
4 steps to the BIR registration process while the generation of QR code will deduct .5 day.

2. To give 1-year worth of BIR Printed Receipt/ Invoice (BPR/BPI)

Under the Revenue Memorandum Circular No. 28-2019, new business registrants are required to secure
Authority to Print (ATP) principal receipts/invoices upon registration with the BIR. However, in order for
them to immediately commence business operations after registration, they shall be allowed to secure
Bureau of Internal Revenue Printed Receipt/ lnvoice (BPR/BPI) at the time of registration from the New
Business Registrant Counter (NBRC) in the meantime that their receipts are being printed. They shall be
allowed to use said BPR/BPI for a period of fifteen (15) days from the date of registration.

To improve this reform, the BIR currently considers extending the period from 15 days to 1 year.

This improvement can potentially deduct 7 days from 18 days in our current BIR registration process.

B. PAYINGS TAXES
3. To review the National Internal Revenue Code and BIR-related issuances to improve score in the post-
filing procedures of Paying Taxes

The DB Report requires a VAT refund on large capital purchase wherein the seller of the machinery is
registered for VAT

BIR noted that the VAT refund process in the country can only be done if i) business is attributable to
zero-rated sales (export sales) or ii) business is about to close.

Hence, only amendments to the Tax Code can be done in order to improve our rankings.
C. REGISTERING PROPERTY
4. To push for the Lane for One-Time-Transactions (OneTT)
In line with the BIR’s efforts to promote the delivery of quality service to all stakeholders, all One-Time
Transaction (ONETT) Teams are directed to create a fast lane that will cater to individuals or
corporations filing Capital Gains Tax or Donor’s Tax Returns with only one Deed of
Sale/Exchange/Donation involving one to three properties.

In addition, all the transactions shall be processed and released “within three working days upon
submission of complete documentary requirements”.

This reform is not yet reflected in the DB report since the respondents are not yet aware of the new
reform.