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Entrepreneurs, businessmen and professionals are required to file BIR Form 0605 on or before the first month of the year. Since we have started another year, we are sharing here the complete guide how to fill out this important tax document.
This tax form has many purposes but for this article, we discuss the procedures about the payment of annual registration which is usually done every January of each year or when you opened a business.
What is BIR Form 0605?
BIR Form 0605 is a Payment Form, thus it is used in filing for payment of taxes and fees which do not require the use of tax return such as second installment payment of income tax, deficiency tax, delinquency tax, registration fees, penalties, advance payments, deposits and installment payments.
When to File BIR Form 0605?
- Every time a tax payment or penalty is due or advance payment is to be made
- Upon receipt of a demand or assessment notice or collection letter from the BIR
- Upon payment of annual registration fee for new or renewal of a business
When is the Deadline of Filing BIR Form 0605 Annual Registration?
Taxpayers need to file this form on or before January 31 of each year to be able to continue the operation of a business. New business registered in DTI and BIR are also required to file this form after the said business was registered in the Bureau of Internal Revenue.
How to Fill Out BIR Form 0605 for Payment of Registration Fee:
1. Use eBirForm or download the form
If you are using eBirForm software, you can conveniently fill out this document. Otherwise, download the PDF copy and print 3 copies before submitting the payment.
2. Fill out the necessary details
Data such as calendar or fiscal Year, year ended, due date, ATC, and your background information are very important. Make sure you provide true and accurate details for each section of the form. The BIR charges some fees for wrong filing of details.
3. Put RF (Registration Fee) under the Tax Type Code
Since we are paying for our business annual registration, RF is the correct code in this section. See screenshot sample above.
4. Choose your manner of payment
If you are making a voluntary payment, choose the info suitable for you. If you are oaying the whole amount, choose Full Payment.
5. Provide the computation of tax
The basic tax due for annual registration fee is P500. You have to enter that amount. Add penalty if any. Then compute your total tax payable.
How to File BIR Form 0605?
Step 1: Fill out and accomplish the form completely
Provide the correct information such as tax type, RDO code and taxpayer classification according to your tax payment. The step-by-step guide to fill out this form is posted above.
Step 2: Print 3 copies of the form and attach the required documents
Triplicate copies are always required when filing tax payments. Always remember that when filing your taxes. You may add attachments if needed. Required attachments when filing this form are listed below.
Accepted Attachments for BIR Form 0605:
- Certificate of Registration
- Duly approved Tax Debit Memo (if applicable)
- Copy letter or notice from the BIR for which the payment form is accomplished, and the tax is paid whichever is applicable:
- Pre-assessment / Final Assessment Notice / Letter of Demand
- Post Reporting Notice
- Collection Letter of Delinquent / Accounts Receivable
- Xerox copy of the ITR (Income Tax Return) or Reminder Letter in case of payment of second installment on income tax
Step 3: Pay at any Authorized Agent Bank
Pay at any Authorized Agent Bank (AAB) under the jurisdiction of your Revenue District Office where you are registered. You may also pay directly at the RDO collecting officer or your Municipal Treasurer of the RDO where your business is registered.
BIR Annual Registration FAQ:
What does Taxpayer Classification I or N mean?
Taxpayer Classification I means Individual taxpayer while N means Non-individual
What is my RDO Code?
RDO means Revenue District Office. It is where you, as a taxpayer, are registered or where your business is registered. Please refer to the list of RDO Codes in the Philippines.
How to Pay BIR Registration Fee?
Pay your registration fee on or before January 31 of each year at any authorized bank of the BIR where you are registered as a taxpayer. Submit 3 copies of Payment Form (BIR Form 0605) and the required attachments related to your payment.
How much is the penalty for late BIR registration?
According to the Bureau of Internal Revenue, the penalty for late payment of annual registration fee is a 25% surcharge, plus 20% interest per annum and a penalty compromise fee of P1,000.