THE Bureau of Internal Revenue (BIR) recently conducted a briefing for locators in Clark Freeport on business requirements and other tax compliance requirements.

A total of 100 participants from various Clark locators, representatives from Clark Development Corporation (CDC), and other micro, small, and medium enterprises (SMEs) attended the briefing via Zoom.

During briefing, participants were informed about the proper application for registration for self-employed individuals, as well as topics on estates and trusts, corporations, partnerships, cooperatives, associations, local government units (LGUs), and branch or facility among others.

CDC Vice President for Admin and Finance Engineer Mariza Mandocdoc and CDC Vice President for Business Development and Business Enhancement Group Rynah Ventura were also present in the briefing.

Ventura represented CDC President and Chief Executive Officer Manuel Gaerlan and expressed her gratitude to BIR for organizing the event which provided information and updates on proper registration and other tax compliance requirements for SMEs.

“Our heartfelt appreciation to the BIR for arranging this event which served as an effective approach and means of educating entrepreneurs. This (event) is also another driving factor in our continuous promotion of the ease of doing business in Clark and other areas of growth across our country,” she said.

Ventura also mentioned the importance of the right legal documentation and registration in her closing remarks.

“It is not only done in order to legally run your business, but it can also safeguard you from penalties, costly fees, litigation, and a variety of other legal troubles,” she added.

In 2020, the BIR inaugurated its Revenue District Office No. 21C office in this freeport.

The launching of their office was graced by BIR Commissioner Caesar Dulay, BIR Regional Director Edgar Tolentino, and BIR Assistant Regional Director Claire Corpuz.

Under Executive Order 98, “all government agencies, instrumentalities, LGUs, and government-owned and controlled corporations (GOCCs) to include the Taxpayer Identification Number (TIN) as part of the essential requirements in all applications for a government permit, license, clearance, and official paper or document."