THE Securities and Exchange Commission (SEC) on Wednesday signed a data-sharing deal with the Bureau of Internal Revenue (BIR) and also launched five new digital services enhancing company registration.
THE Sec urities and Exchange Commission on Wednesday signed a data-sharing deal with the Bureau of Internal Revenue and also launched five new digital services enhancing company registration.'We are harnessing digital technologies not only to improve the ease of doing business,' SEC Chairman Emilio Aquino said.The agreement between the SEC and the BIR will provide access to documents needed to support the bureau's mandate to make tax assessments and taxes, fees and charges.
The digital services launched are part of the regulator's zero-contact policy and paperless transactions.SEC ZERO, under the Electronic Simplified Processing of Application for Registration of Company , allows applicants to authenticate system-generated forms digitally through the eSAP platform.The platform is integrated to remove the need to affix wet signatures and submit hard copies to the commission. The service uses one-time passwords to proceed with the electronic authentication.
Inks Data-Sharing Deal With Tax Bureau
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