If you're an activated PayMongo merchant, kindly make sure that you're able to accomplish the following requirements before the specified due dates:
Submit your Sworn Declaration to [email protected] before October 7, 2024 (Monday). The Sworn Declaration must be received, verified and stamped by BIR.
Submit your BIR Registration to [email protected] before October 11, 2024 (Friday).
For Sole Proprietor Merchants, make sure to convert your PayMongo beneficiary bank into a Business Bank account. There's no deadline for this yet but we urge you to convert your beneficiary bank account as early as possible to avoid any problems. We will issue a separate advisory regarding this matter.
I wasn’t able to submit by the deadline. Can I still submit my requirements? 📝
Yes, you are still encouraged to submit the requirements. After submission, please give our team 1 to 2 business days to update your profile and documents with us.
Note that the withholding tax refund is not claimable through your payouts. To claim the refund, you will need to submit Form 2307 to the Bureau of Internal Revenue (BIR). Once submitted, the amount can be credited against your tax liabilities when you file your income tax return.
⚠️ Note: Submitted documents are processed within business hours (9:00 AM - 5:00 PM) and processing takes 24 hours to finish. Submissions made beyond 5:00 PM will be processed the next day.
For other questions, feel free to send an email to [email protected] so we can assist you!