Chapter 8 - Administrative Procedures
Article 62 - Registration
The Filing Constituent Entity appointed by the Entities referred to in Article 18 of the Law, shall apply for registration with the Bureau no later than 120 days from the first day of the Transition Year.
Notwithstanding Paragraph A of this Article, where the Revenue Test is met for at least two of the four Fiscal Years immediately preceding the date on which the Law comes into effect, a Filing Constituent Entity shall submit to the Bureau a registration application no later than 30 days following the date at which the Law enters into effect.
A Filing Constituent Entity shall apply for registration in the manner prescribed by the Bureau, for this purpose and, as part of the registration, the Filing Constituent Entity shall provide information in relation to all the following:
The Ultimate Parent Entity of the Multinational Enterprise Group, including the jurisdiction in which it is located.
The ownership structure of the Multinational Enterprise Group.
The Fiscal Year of the Ultimate Parent Entity of the Multinational Enterprise Group.
The Constituent Entities, Joint Ventures and Joint Venture Subsidiaries of the Multinational Enterprise Group.
Financial information of the Multinational Enterprise Group, including details substantiating that the Revenue Test has been met, where applicable.
A written consent as stipulated in Article 64 of these Regulations.
Any other relevant information required by the Bureau.
When submitting the registration application, the Filing Constituent Entity shall provide the Bureau with relevant documents supporting the validity of the information included in the application.
Where the application has been accepted, the Bureau shall issue a registration certificate to the Filing Constituent Entity of the Multinational Enterprise Group. The registration shall take effect from the first day of a Fiscal Year as specified on the registration certificate which is the Fiscal Year for which the Filing Constituent Entity should have registered.
Except for the information as described in Clause 5 of Paragraph C of this Article and any other information specified by the Bureau, if any change occurs to the information provided in the registration application, the Filing Constituent Entity shall modify that information in the manner prescribed by the Bureau within 30 days of the date of the change. Where, however, a Filing Constituent Entity has notified the Bureau of a change in the Fiscal Year of the Ultimate Parent Entity of a Multinational Enterprise Group in accordance with and within the time specified by Paragraph A of Article 69 of these Regulations, it shall not be required to also notify the Bureau of such a change under the provisions of this Paragraph.
Without prejudice to criminal liability and administrative fines stipulated in the Law, the Filing Constituent Entity is liable for Tax Due prior to registration if there is a delay in registration n as per the provisions of the Law and these Regulations.