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OFTHE PHILIPPINES REPUBLIC OF FINANCE DEPARTMENT BUREAU OF INTERNAL REVENUE 05,201'4 February

REVENUEMEMORANDUMCIRCULAR NO. V- VO 14
SUBJECT : CLARIFYING THE ISSUES ON THE REGISTRATION AND COMPLIANCE REQUIREMENTS OF MARGINAL INCOME EARNERS PURSUANT TO REVENUE REGULATIONS NO. 7. 2012
: All Internal Revenue Officers and Others Concerned

TO

This Circularis beingissued to clarify the issuesand reiterate as the registration well as compliance (MIE) requirements pursuant of MarginalIncomeEarners to Revenue (RR)No. 7 -2012. Regulations MIE asdefinedin Section 3 of the sameRR provides: " Marginal Income Earner - shall refer to those individual whose business do not realizegrosssalesor receiptsexceeding P100,000in any " I 2-monthperiod.
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The individual referred to in that section is an individual not deriving compensation as an employee underan employer-employee relationship but who is selt: employedand derivinggrosssalesor receipts not exceeding P100,000 in any 12-month period.Moreover, the activities of such MIE should be principallylbr subsistence or livelihood. The MIE, as herein defined,shall include but not limited to agriculfural growers/producers (farmers/fishennen) sellingdirectlyto ultimateconsumers, smallsarisari stores,small carinderias or "turo-turos", drivers/operators of a single unit tricycle, and such,but shall not includelicensedprofessionals, consultants, artists,salesagents, brokers and others similarly situated,including all others w}ose income have been subjected to withholding tax.

REGISTRATION AND COMPLIANCE REQUIREMENTS The incidence of being a MIE as requiredunder RR 7-2012coversthe following privileges andminirnumregistration andtax cornpliance requirements: 1. Registration with the Bureauusing BIR Fonn 1901 with the tbllowing minimal documentary requirements :

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SwomStatement of Income tbr the year(Annex"A"), and NSOCertified or LocalCivil Registry BirthCertificate;

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Fee(ARF); z. Exemptionfrom the paymentof Annual Registration 3. Registrationof Books of Accounts (e.g. two-columnjournal or other simplified andrevenues); books for daily expenses under RMO invoicesas prescribed principal receipts/sales of registered 4. Issuance 12-2013; 5. Filing and Paymentof Annual IncomeTax Return using BIR Form 1701 similar individuals;and to any other self-employed Tax). taxes(i.e. VAT or any Percentage 6. Exemptionfrom paymentof business The BIR District Office, upon evaluationof applicationfor registration,shall issue the Certificate of Registration and shall iikewise ensure compliance with the of Authority To Print for their Principal and issuance registrationof books of accounts, Invoices. Receipts/Sales All internal revenue officers and employeesare hereby enjoined to give this RevenueMemorandumCircularas wide a publicity as possible.

IIENARES

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