In connection to "Starting a Business as a Sole Proprietor", today I just partially finished a big task in compliance to "Tax Reform Act of 1997". Partially because I had to go back again to claim my "ASK FOR RECEIPT" (Not Available)! - it reminds me of LTO stickers for my plate numbers.... and my purchased set of OR's(Official Receipt) maybe by next week? I had to follow-up by phone.. or if unlucky, I have to get it in person!..
Well, I need this COR(Certificate Of Registration) because all of the Property Developers requires this BIR 2303 form before I officially called accredited with them.! I actually did not know all about this tax thing when I was an employee of a corporation until today. It was done by the accounting department and I just signed the documents they requires us to sign.. Inside BIR office, we had a short seminar(about an hour) on how to file tax returns and what are the implications when you were a delinquent tax payer! it was scary because, a small mistake or late filing will lead to surcharges which is very scary!!! Watch out on the deadlines of filing!
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