Tax Guide for Professionals

2008TAX GUIDE FOR PROFESSIONALSA QUICK AND EASY PRIMER ON PAYING YOUR TAXESWHO ARE PROFESSIONALS?Professional, classified as self-employed, refers to an individual or a group, practicing his or their profession or calling, with or without license under a regulatory board or body. WHAT ARE THE REGISTRATION REQUIREMENTS?Documentary RequirementsFor Individuals:1. Birth Certificate or any documents showing name, address, and birth date;2. Mayor's Permit, if applicable;3. DTI Certificate of Business Name to be submitted prior to issuance of the Certificate of Registration or BIR Form No. 2303, if applicable;4. Professional Regulation Commission ID, if applicable; and5. Payment of Professional Tax Receipt (PTR) from the local government, if applicable aSDCIEFor Corporations or Partnerships:1. Certificate of registration with the Securities and Exchange Commission2. Mayor's Permit3. Partnership AgreementProceduresStep 1. Accomplish Application for Registration — BIR Form 1901 (for individuals) or 1903 (for corporations or partnerships) with the applicable attachments, and submit to the Revenue District Officer (RDO) having jurisdiction over the principal place of business (for newly registered Professionals). Note: The Professional may electronically secure TIN through e-TIN at the BIR...