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how much will be the penalty once you overlaps the grace period?

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dLegalWife

dLegalWife
Arresto Mayor

hello po Smile good evening sa inyong lahat...

i just needed an advice regarding sa revenue regulation, m starting a business at sabi po nila after ko po makuha yung municipal permit i only have 30 days para makapagsubmit ng documents sa BIR for registration...hindi po kasi ako agad na inform na may 30 days grace period pala yun akala ko po kasi anytime eh ok lang mag pa register sa BIR for as long as nakompleto ko na yung ibang permit for the business...nag lampas na po kami sa grace period na 30 days at sabi nila may penalty daw po yun...magkano po kaya yung magagastos ko sa penalty?

i badly needed a quick response...

thank you po...

God Bless and more power...

taxconsultantdavao


Reclusion Perpetua



penalty for late registration is 1,000.00 if you are a corporation

penalty for late payment of registration fee is

basic fee is 500.00
surcharge of 25% of 500
interest of 20% a year for 500.00
compromise penalty of 200.
total tax

penalty for documentary stamp tax on lease rentals -tingnan mo sa lease contract mo. dapat ang dst niyan is 5th day of the following month mag due.

penalty for late registration of books.



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