The Bureau of Internal Revenue (BIR) in the Philippines has recently launched a new system called the Online Registration and Update System (ORUS). This system is a significant advancement in the BIR’s digital transformation efforts. It is designed to make the process of tax registration, information update, and compliance more accessible and less time-consuming for everyone.
What is ORUS?
ORUS is a web-based tax system created as a convenient and alternative facility for the end-to-end process of taxpayers’ registration with the BIR1. It can be accessed through the BIR official website under the eServices icon or directly through the ORUS website. The system allows taxpayers to manage their registration details online conveniently. It’s part of the bureau’s broader strategy to enhance its services and make tax compliance straightforward and hassle-free for individuals and businesses alike.
Key Features of ORUS
Online Registration and Updates:
One of the core functionalities of ORUS is to enable taxpayers to register new businesses online. It also allows them to update their existing registration details. This feature eliminates the need for physical visits to BIR offices, saving time and resources.
Secure and Accessible:
Security and accessibility are prioritized as ORUS ensures that taxpayers can manage their information safely and conveniently. The platform employs robust security measures to protect user data and provide a reliable online experience.
Streamlining Compliance:
ORUS simplifies various compliance requirements by offering features such as the submission of registration documents and application for tax clearance. It also allows for the updating of taxpayer profiles. This streamlines the compliance process, making it easier for taxpayers to fulfill their obligations.
Tax Identification Number (TIN) Inquiry:
This feature allows taxpayers to inquire about their TIN.
Access to Digital TIN ID:
ORUS provides access to a digital TIN ID.
Availability of MyEG as one of the online payment facilities in ORUS:
MyEG is available as one of the online payment facilities in ORUS.
How to Register at ORUS?
Registering with ORUS at the BIR is a pivotal step for taxpayers aiming to manage their tax obligations online. The registration process is smooth and straightforward. It involves accessing the ORUS website, creating an account, verifying your email, and logging in to your account. Once logged in, you can navigate through the different features.
How Account It Right Can Help
Accounting firms like Account It Right play a crucial role in helping business owners navigate systems like ORUS. They help establish financial goals and objectives that align with the overall business objectives. By analyzing the company’s financial situation, industry trends, and market conditions, they develop comprehensive financial plans that drive growth and sustainability.
Accountants ensure business owners are following government regulations. They make sure important deadlines are met — such as tax filings and W2 submissions. Business accountants can also help a company through an audit by providing the auditor with the correct company data.
The introduction of ORUS is a significant step towards making tax compliance more straightforward and less time-consuming. With the help of accounting firms like Account It Right, business owners can navigate this system more efficiently, ensuring they meet their tax obligations while focusing on growing their business.
Sources: Bureau of Internal Revenue | Investopedia | Business.org