BIR waives annual registration fee for business taxpayers
BUSINESS taxpayers no longer have to pay the annual P500 registration fee with the Bureau of Internal Revenue (BIR) starting January 22 this year.
BIR Commissioner Romeo Lumagui said the BIR said it will stop collecting the annual registration fee from business taxpayers in compliance with the Republic Act No. 11976 or the “Ease of Paying Taxes Act,” signed by President Ferdinand Marcos Jr.
This was confirmed by Aldrin Camba of BIR-Revenue District Office in Calasiao when he said both registered and new business registrations will no longer have to pay the annual fee while clarifying that taxpayers “may choose to update or replace their certificate of registration at their convenience”.
The Ease of Paying Taxes Act aims to modernize tax administration, update the taxation system, and protect taxpayer rights and welfare.
It amends several sections of the National Internal Revenue Code of 1997, such as the introduction of a taxpayer classification system and a risk-based classification for value-added tax (VAT) refund claims.
Taxpayers may also now file returns electronically or manually to any authorized agent bank, Revenue District Office, or authorized tax software provider. (PIA1/AMMB)
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