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DOING BUSINESS
MADE EASIERApril 14, 2015 |AIM Conference Center, Makati City
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GLOBAL COMPETITIVENESSREPORT CARD
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2014 GLOBAL COMPETITIVENESS REPORT CARD
* Ranking based on the 2015 Doing Business Report
** Ranking based on the 2014 Doing Business Report
*** Reverse ranking (1 as worst) – Fragile States Index
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PERFORMANCE OVER 3 OR 4 YEARS
* With 2015 results
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GLOBAL COMPETITIVENESS REPORT CARD
HIGHLIGHTS
Philippines recognized as the most improved
Economy in 4 major competitiveness reports.
* With 2015 results
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IFC-EASE OF DOING BUSINESS REPORTPHILIPPINES
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IFC-EASE OF DOING BUSINESS REPORT:PHILIPPINE RANKINGS (2014-2015)
Source: Published DB Reports (2011-2015)
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STARTING A BUSINESSOLD PROCEDURES
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STARTING A BUSINESSOLD PROCEDURES
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STARTING A BUSINESSOLD PROCEDURES
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STARTING A BUSINESSCHANGING THE OLD PROCEDURES
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STARTING A BUSINESSCHANGING THE OLD PROCEDURES
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STARTING A BUSINESSCHANGING THE OLD PROCEDURES
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STARTING A BUSINESSCHANGING THE OLD PROCEDURES
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STARTING A BUSINESSCHANGING THE OLD PROCEDURES
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STARTING A BUSINESSNEW PROCEDURES
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STARTING A BUSINESSNEW PROCEDURES
STEP DAYS STEP DESCRIPTION
1 1Prepare articles of incorporation, by-laws, and treasurer’s affidavit signed by
the incorporators for notarization.
2 1
Obtain SEC Registration Number, BIR Tax Identification Number Pag-IBIG fund,
PhilHealth, and SSS Employer numbers (ERNs) at the Securities and Exchange
Commission through its Integrated Business Registration System. Applicant
will receive a Unified Registration Form (URF).
3 1 Obtain Barangay Clearance
4 2-3Obtain Business Permit to Operate from the Business Process and Licensing
Office and pay necessary fees
5 1Secure Certificate of Registration and Registration of Books of accounts at the
Bureau of Internal Revenue (BIR)
61 day or A. Registration Cash Register Machine (CRM) / Point of Sale (POS)
7 days B. Secure Authority to Print Receipts/Invoices (Manual Receipts)
6 8 TOTAL
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SAMPLE
UNIFIED
REGISTRATION
FORM
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STARTING A BUSINESSPROCEDURES FLOWCHART
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STARTING A BUSINESSOLD FLOWCHART
can be completed in 34 days
Buy special books of account at bookstore.
(1 day, Php 400)
Notarize articles of incorporation and
treasurer's affidavit. (1 day, Php 500)
Register the company with SEC and receive pre-registered TIN.
(2 days average, see procedure details)
Obtain barangay clearance.
(1 day, Php 500)
Pay annual community tax and
obtain community tax certificate.
(1 day, Php 500)
Obtain business permit from BPLO.
(6 days, see procedure details)
Apply and pay for Certificate of
Registration and obtain TIN at BIR.
(1 day, see procedure details)
Pay registration fee and documentary stamp
taxes (1 day, see procedure
details)
Obtain authority to print receipts and invoices
from BIR.(1 day, Php 0)
Print receipts and invoices.
(7 days, Php 3,500)
Have books of accounts and
Printer's Certificate of Delivery stamped by
BIR. (1 day, Php 0)
Register with SSS. (7 day, Php 0)
Deposit Paid in Capital at the bank
(1 day, Php 0)
Register with PhilHealth.
(1 day, Php 0)
Register withPag-IBIG.
(1 day, Php 0)
Verify and reserve the company name
with SEC(1 day, Php 40)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
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STARTING A BUSINESSOLD AGENCY FLOWCHART
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STARTING A BUSINESSNEW FLOWCHART
Obtain Barangay Clearance1 DAY
Obtain Business Permit to Operate from the Business Process and Licensing
Office and pay necessary fees
2-3 DAYS
Secure Certificate of Registration and Registration of Books of accounts atthe Bureau of Internal Revenue (BIR)
1 DAY
Registration Cash Register Machine (CRM) / Point of Sale (POS)
1 DAY
Secure Authority to Print Receipts/ Invoices (Manual Receipts)
1-7 DAYS
Obtain SEC Registration Number, BIR Tax
Identification Number Pag-IBIG fund,
PhilHealth, and SSS Employer numbers (ERNs)
at the Securities and Exchange Commission
through its Integrated Business Registration
System. Applicant will receive a Unified
Registration Form (URF).
1 DAY
Prepare articles of incorporation, by-laws, and treasurer’s affidavit signed by
the incorporators for notarization.
1 DAY1
2
3
4
5
6
can now be completed in 8 days
A.
B.
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STARTING A BUSINESSNEW AGENCY FLOWCHART
5
6A
6B
OR
APPLICANT
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PAYING TAXES(Social Service Contributions/Payments)
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PAYING TAXES (Social Service Contributions/Payments)
2015
PAYMENTS DESCRIPTION
1 Corporate Income Tax
1 Local Business Tax
1 Community Tax Certificate
1 Real Property Tax
1 Employer paid-SSS
12 Employer paid- Health Insurance
12Employer paid- Home Mutual
Development Fund
1 Tax on interest
1 Environmental Tax
0Employer paid-Employer’s
compensation
1 Vehicle Tax
1 Value added tax (VAT)
1 Tax on check transactions
0 BIR Certificate
1 Tax on insurance contracts
1 Stamp Duty
36 TOTAL
2016
PAYMENTS DESCRIPTION
1 Corporate Income Tax
1Community Tax Certificate to be paid
jointly with Local Business Tax
1 Real Property Tax
1 Employer paid-SSS
1PhilHealth Electronic Payment
System (ePayment)
1Pag-IBIG Hub (Collection thru
partnered banks)
1 Tax on interest
1 Environmental Tax
0Employer paid-Employer’s
compensation
1 Vehicle Tax
1 Value added tax (VAT)
1 Tax on check transactions
0 BIR Certificate
1 Tax on insurance contracts
1 Stamp Duty
13 TOTAL
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PAYING TAXES (Social Service Contributions/Payments)
36 PAYMENTS
Corporate Income Tax
Local Business Tax
SSS
Real Property Tax
Health Insurance
Health Insurance
Pag-IBIG Fund
Tax on Interest
Community Tax Certificate
Environmental Tax
Employer Compensatio
n
Value Added Tax
Tax on Check Transactions
Tax on Insurance Contracts
Stamp Duty
Pag-IBIG Fund
Health Insurance
Health Insurance
Health Insurance
Health Insurance
Pag-IBIG Fund
Pag-IBIG Fund
Pag-IBIG Fund
Pag-IBIG Fund
Pag-IBIG Fund
Pag-IBIG Fund
Pag-IBIG Fund
Pag-IBIG Fund
Pag-IBIG Fund
Pag-IBIG Fund
Health Insurance
Health Insurance
Health Insurance
Health Insurance
Health Insurance
Health Insurance
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PAYING TAXES (Social Service Contributions/Payments)
REDUCED NUMBER OF PAYMENTS
Corporate Income Tax
Local Business Tax
SSS
Real Property Tax
Health Insurance
Health Insurance
Pag-IBIG Fund
Tax on Interest
Community Tax Certificate
Environmental Tax
Employer Compensatio
n
Value Added Tax
Tax on Check Transactions
Tax on Insurance Contracts
Stamp Duty
Pag-IBIG Fund
Health Insurance
Health Insurance
Health Insurance
Health Insurance
Pag-IBIG Fund
Pag-IBIG Fund
Pag-IBIG Fund
Pag-IBIG Fund
Pag-IBIG Fund
Pag-IBIG Fund
Pag-IBIG Fund
Pag-IBIG Fund
Pag-IBIG Fund
Pag-IBIG Fund
Health Insurance
Health Insurance
Health Insurance
Health Insurance
Health Insurance
Health Insurance
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PAYING TAXES (Social Service Contributions/Payments)
13 PAYMENTS
Corporate Income Tax
Local Business Tax
SSS
Real Property Tax
Health Insurance Pag-IBIG Fund
Tax on Interest
Community Tax
Certificate
Environmental Tax
Employer Compensatio
n
Value Added Tax
Tax on Check Transactions
Tax on Insurance Contracts
Stamp Duty
Community Tax Certificate paid jointly with Local Business Tax
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DOING BUSINESS MADE EASIERApril 14, 2015
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www.competitive.org.phNational Competitiveness Council
Department of Finance
Department of Interior and Local Government
Department Trade and Industry
Bureau of Internal Revenue
Securities and Exchange Commission
Quezon City Local Government
Social Security System
Philippine Health Insurance Corporation
Pag-IBIG Fund
Land Bank of the Philippines
Development Bank of the Philippines
www.dilg.gov.ph
www.dof.gov.ph
www.dti.gov.ph
www.bir.gov.ph
www.sec.gov.ph
www.quezoncity.gov.ph
www.sss.gov.ph
www.philhealth.gov.ph
www.pagibigfund.gov.ph
www. landbank.com
www.devbnkphl.com
DOING BUSINESS MADE EASIERApril 14, 2015
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