I am a new business owner and I am hoping to get advice my current situation with BIR.
I just registered my business last January 2016. I have been busy processing the many requirements needed for the business permits, so I have not yet officially started my business.
This month, April 2016, I received a call from the Printing Company about a penalty from the BIR. It turns out that the "Authority to Print Receipts & Invoices" need to be completed within 30 working days. However, I was late in complying.
I was informed by the BIR that I need to pay the penalty of 10,000.
I was shocked by the amount. I was not informed about this during the seminar that there was a 30 day deadline.
All the while I have not yet started the operation of my business, since I am still prioritizing my business permit requirements. My sales for January to April is still zero.
I understand the reason for the penalty, but it is too high especially since I have zero income from my business. Is there a way to lessen the penalty?